Microsoft (MSFT) will raise its quarterly dividend by 16.1 percent to $0.36 per share in the fourth quarter of 2015. Last year the dividend was hiked by 10.7 percent.
The year 2015 marks the 13th straight year of dividend increases for the software company. Microsoft has raised its dividend by double digits every year since 2010. The company initiated a quarterly dividend of $0.08 per share in 2003.
At a current stock price of $44.00 the indicated dividend yield for the technology company is 3.3%. Microsoft stock is down 5% in 2015, following a gain of 24.2% in 2014 (dividends excluded).
Microsoft Corporation is a technology company. The Company develops, licenses, and supports software products, services and devices. Its products include operating systems and a wide range of applications and devices (including tablets and gaming and entertainment consoles) that integrate with its cloud-based offerings.