Microsoft Co. (NASDAQ:MSFT) Plans $0.51 Quarterly Dividend

Microsoft Co. (NASDAQ:MSFT) declared a quarterly dividend on Wednesday, December 4th, RTT News reports. Stockholders of record on Thursday, February 20th will be paid a dividend of 0.51 per share by the software giant on Thursday, March 12th. This represents a $2.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, February 19th.

Shares of NASDAQ MSFT traded up $0.54 during trading on Wednesday, hitting $149.85. 17,573,883 shares of the company traded hands, compared to its average volume of 17,994,986. The business’s fifty day moving average is $145.35 and its 200 day moving average is $137.76. Microsoft has a fifty-two week low of $93.96 and a fifty-two week high of $152.50. The firm has a market capitalization of $1,143.18 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 2.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The firm had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Microsoft will post 5.35 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

In other Microsoft news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total value of $5,410,000.00. Following the completion of the transaction, the executive vice president now directly owns 198,042 shares of the company’s stock, valued at $26,785,180.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 12,500 shares of Microsoft stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.36, for a total transaction of $1,742,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 147,079 shares of the company’s stock, valued at $20,496,929.44. The disclosure for this sale can be found here. Insiders sold 105,198 shares of company stock valued at $14,588,720 over the last ninety days. Corporate insiders own 1.39% of the company’s stock.

MSFT has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Monday, October 7th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft in a research report on Monday, November 18th. BMO Capital Markets upped their price objective on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, Royal Bank of Canada increased their target price on shares of Microsoft from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. Microsoft has an average rating of “Buy” and a consensus target price of $159.45.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Dividend History for Microsoft (NASDAQ:MSFT)

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