Microsoft Ups Dividend, Plans to Sell Debt

Microsoft

Microsoft (MSFT) announced Tuesday that it was hiking its quarterly dividend to 16 cents a share from 13 cents a share — a 23% increase.

The new dividend represents an annual dividend yield of 2.5%, TheStreet reported. Microsoft had not raised its dividend in two years.

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“This higher dividend, combined with our ongoing share repurchase program, reflects our commitment to returning…

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Microsoft Ups Dividend, Plans to Sell Debt originally appeared on DailyFinance on Wed, 22 Sep 2010 06:50:00.

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