Microsoft Increases Annual Dividend to $3.00 Per Share

A 10% Increase from Prior Year's Dividend

Strong Financial Performance Drives Dividend Growth

Microsoft Corporation (MSFT) has announced a 10% increase in its annual dividend to $3.00 per share, payable semi-annually to shareholders of record as of March 15, 2023. The dividend will be paid on April 11, 2023.

The dividend hike is a reflection of Microsoft's continued financial strength and its commitment to returning value to shareholders. The company has a strong track record of dividend growth, having increased its dividend for the past 10 years.

Microsoft's dividend yield is currently around 0.74%, which is slightly below the average yield for the S&P 500 index. However, Microsoft's dividend is well-covered by its earnings, and the company has a strong history of dividend growth.

Analysts expect Microsoft to continue to grow its dividend in the coming years. The company's strong financial performance and its commitment to returning value to shareholders are likely to drive continued dividend growth.

Investors who are looking for a dividend growth stock should consider Microsoft. The company has a strong track record of dividend growth and is likely to continue to grow its dividend in the coming years.