Microsoft announced last night that its board had approved a dividend rate of $0.31 for its second quarter of the company’s 2015 fiscal year. The amount will be paid on March 12 of next year.
The dividend amount is equal to last quarter’s number and is one of the highest dividends ever paid by the company. But that’s exactly what was expected of Microsoft, which is having a very good year.
With high revenues and profits, solid performance from most of its divisions, a record high stock price, a successful transition to a new CEO and a positive outlook for the rest of its fiscal year, Microsoft is in better shape than it’s been in a long time.
It will be very interesting to see the current quarter’s results after the holidays and find out whether the company’s momentum helped it during the shopping season or whether its competitors were the bigger winners.