Microsoft Hikes Quarterly Dividend 15 Percent

Getty Images

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.

(Read More: 15 Companies With Zero Debt.)

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.