Microsoft Co. (NASDAQ:MSFT) to Issue $0.62 Quarterly Dividend

Microsoft Co. (NASDAQ:MSFTGet Rating) declared a quarterly dividend on Tuesday, June 14th, RTT News reports. Stockholders of record on Thursday, August 18th will be paid a dividend of 0.62 per share by the software giant on Thursday, September 8th. This represents a $2.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, August 17th.

Microsoft has raised its dividend by an average of 10.3% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Microsoft has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Microsoft to earn $10.60 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 23.4%.

Shares of Microsoft stock opened at $244.49 on Wednesday. The stock has a market cap of $1.83 trillion, a P/E ratio of 25.52, a P/E/G ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. Microsoft has a 1-year low of $241.51 and a 1-year high of $349.67. The stock’s 50 day simple moving average is $272.57 and its 200-day simple moving average is $297.29.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. As a group, research analysts expect that Microsoft will post 9.28 EPS for the current fiscal year.

Several research firms recently commented on MSFT. StockNews.com began coverage on Microsoft in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Stifel Nicolaus dropped their target price on Microsoft from $350.00 to $320.00 in a report on Thursday, June 2nd. UBS Group set a $360.00 target price on Microsoft in a report on Monday, April 11th. Evercore ISI dropped their target price on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. set a $320.00 target price on Microsoft in a report on Thursday, June 9th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Buy” and a consensus price target of $354.43.

Large investors have recently made changes to their positions in the stock. Monumental Financial Group Inc. acquired a new stake in Microsoft in the first quarter valued at about $28,000. Turim 21 Investimentos Ltda. lifted its position in Microsoft by 19.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 522 shares of the software giant’s stock valued at $161,000 after purchasing an additional 85 shares during the period. Dravo Bay LLC acquired a new stake in Microsoft in the first quarter valued at about $185,000. Arena Capital Advisors LLC CA acquired a new stake in Microsoft in the first quarter valued at about $200,000. Finally, Ronit Capital LLP acquired a new stake in Microsoft in the first quarter valued at about $231,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Company Profile (Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Dividend History for Microsoft (NASDAQ:MSFT)

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