Microsoft raised its quarterly dividend to 75 cents a share.
David Paul Morris/Bloomberg
Microsoft on Tuesday announced a 10% dividend increase.
The new rate is 75 cents a share quarterly, up 7 cents from the previous rate. The increase brings the company’s annual payout to $3 a share. The new rate gives Microsoft (ticker: MSFT) shares a yield of 0.9%.
This was the 10th consecutive year that the software giant has increased its dividend payout.
Microsoft shares were down 1% to $325.72 on Tuesday. The stock has risen about 36% this year.
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