Today Microsoft (MSFT) announced a 16.1% increase in its quartely dividend. The dividend is raised from $0.31 to $0.36. The dividend pay date is December 10, 2015 to shareholders of record on November 19, 2015 (ex dividend November 19, 2015).
The new dividend amount represents an annualized dividend amount of $1.44 per share, up from $1.24.
The dividend yield on current price is 3.27 %.
My Vrijheid Fonds consists of 32 shares of Microsoft, my annual dividends will increase by $5.44. For 2015 my dividends will increase by $ 1.36 after taxes.
My projected annual total amount from my shares of MSFT will be $39.17 after taxes.
I love these kind of dividend increases!
Cheers,
Pollie
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That’s indeed a hefty increase, would love to get some of those every once in a while.