Microsoft Co. (NASDAQ:MSFT) announced a quarterly dividend on Monday, March 12th, RTT News reports. Shareholders of record on Thursday, May 17th will be given a dividend of 0.42 per share by the software giant on Thursday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, May 16th.
Microsoft has raised its dividend payment by an average of 11.4% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Microsoft has a dividend payout ratio of 49.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Microsoft to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 42.9%.
Microsoft (NASDAQ MSFT) traded down $2.03 during mid-day trading on Tuesday, reaching $94.74. The company’s stock had a trading volume of 13,970,768 shares, compared to its average volume of 31,360,078. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The firm has a market cap of $737,870.00, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.23 and a beta of 1.04. Microsoft has a 52 week low of $64.12 and a 52 week high of $97.24.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $930,900 in the last three months. 1.49% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its position in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Microsoft by 52.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 26,474,151 shares of the software giant’s stock worth $2,264,601,000 after acquiring an additional 9,092,634 shares in the last quarter. Finally, Tiger Global Management LLC lifted its stake in shares of Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares in the last quarter. 73.88% of the stock is owned by institutional investors.
A number of research analysts have recently commented on the company. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $95.65 price objective on the stock. in a report on Tuesday, March 6th. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. set a $94.00 price objective on Microsoft and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada set a $105.00 price objective on Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.28.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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