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Microsoft increases its quarterly dividend

Microsoft Corp. Wednesday said it would raise its quarterly dividend by 12.5 percent to 9 cents a share, citing confidence in its growth prospects and products.
/ Source: Reuters

Microsoft Corp. Wednesday said it would raise its quarterly dividend by 12.5 percent to 9 cents a share, citing confidence in its growth prospects and products.

The world’s largest software maker plans to increase its quarterly payout by 1 cent, or 12.5 percent, from the previous quarter. The dividend is payable March 9, 2006, to shareholders of record as of Feb. 17.

(MSNBC is a Microsoft-NBC joint venture.)

Microsoft’s chief financial officer, Chris Liddell, said the increased dividend built on the company’s “momentum on returning cash to shareholders after last year’s $44 billion cash payout and our previously announced intention to execute the $19 billion remaining under our stock repurchase plan twice as quickly.”

He said: “We remain confident in our growth prospects and have an exciting product line-up, which includes major releases like Xbox 360, SQL Server 2005, Office 12 and Windows Vista.”