Microsoft Corporation (NASDAQ:MSFT – Get Free Report) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of 0.91 per share by the software giant on Thursday, September 10th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, August 20th.
Microsoft has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 23 years. Microsoft has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Microsoft to earn $19.28 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 18.9%.
Microsoft Stock Down 1.5%
Shares of MSFT opened at $397.36 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Microsoft has a 12 month low of $356.28 and a 12 month high of $555.45. The stock’s 50 day moving average is $410.24 and its two-hundred day moving average is $429.80. The firm has a market cap of $2.95 trillion, a P/E ratio of 23.65, a PEG ratio of 1.45 and a beta of 1.11.
Analyst Ratings Changes
MSFT has been the topic of a number of research analyst reports. Tigress Financial lifted their price target on Microsoft from $595.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn lowered their price target on Microsoft from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Piper Sandler reaffirmed an “overweight” rating on shares of Microsoft in a research note on Tuesday, May 26th. DZ Bank reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein lifted their price target on Microsoft from $641.00 to $646.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Forty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $561.20.
Read Our Latest Research Report on MSFT
Microsoft Company Profile
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
See Also
- Five stocks we like better than Microsoft
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
