Microsoft (NASDAQ:MSFT) Shares Up 1.5% Following Dividend Announcement

Microsoft Co. (NASDAQ:MSFT – Get Free Report)’s share price shot up 1.5% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $439.55 and last traded at $437.54. 7,004,814 shares were traded during trading, a decline of 66% from the average session volume of 20,481,127 shares. The stock had previously closed at $431.20.The newly announced dividend which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s payout ratio is 27.39%.

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