Microsoft Hikes Quarterly Dividend 15 Percent
By: Justin Menza
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Microsoft
Microsofthas boosted its quarter dividend by 3 cents, or 15 percent, to 23 cents per share.
The new dividend is payable December 13 to shareholders of record on November 15, 2012. The ex-dividend date will be November 13, 2012.
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Microsoft also said that Raymond Gilmartin, former CEO of Merck , will retire from the Microsoft board at the company’s 2012 annual shareholder meeting. Gilmartin had served on the Microsoft board for 11 years.
"Ray has been a strong and insightful member of the board. We appreciate his many contributions over the past eleven years," said Steve Ballmer, Microsoft's chief executive officer.
Microsoft has boosted its quarter dividend by 3 cents, or 15 percent, to 23 cents per share. The new dividend is payable December 13.
