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Microsoft raises dividends by approx. 10%

Microsoft Corp. MSFT,
+ 1.64%
announced that it will raise its dividend by about 10% on Tuesday to 56 cents per share. share from 51 cents per. shares. Microsoft shares rose about 0.5% in after-sales trading after the announcement. The stock got a bigger boost last week when Morgan Stanley analyst Keith Weiss predicted that the tech giant would increase its dividend by 10% or more in the coming days to push its implied dividend yield back above 1%. Microsoft also revealed that it will hold a virtual annual shareholders̵

7; meeting on December 2nd. Microsoft shares closed with a gain of 1.6% in Tuesday’s regular session of $ 208.78, giving it a market value of $ 1.55 trillion. Equities have so far returned 33.4% in 2020, while the S&P 500 index SPX,
+ 0.52%
has returned 6.2%.

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