Microsoft increases its dividend by around 10%

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Microsoft Corp. MSFT,
+ 1,64%
announced that it will increase its dividend by about 10% on Tuesday, to 56 cents per share from 51 cents per share. Microsoft shares rose about 0.5% in after-hours trading after the announcement. The stock received a bigger boost last week, when Morgan Stanley analyst Keith Weiss predicted the tech giant would raise its dividend by 10% or more in the coming days to push back its yield. implied dividend above 1%. Microsoft also revealed that it will hold a virtual annual meeting of shareholders on December 2. Microsoft shares closed with a 1.6% gain in Tuesday’s regular session at $ 208.78, giving it a market cap of $ 1.55 trillion. Stocks have returned 33.4% so far in 2020, while the S&P 500 SPX index,
+ 0,52%
returned 6.2%.

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