Microsoft board hikes dividend by 16%
Microsoft Corp. said late Tuesday its board approved a 16% dividend hike. The company said it's increasing the quarterly dividend by five cents to 36 cents a share. The dividend is payable to shareholders as of Nov. 19 on Dec. 10. Microsoft shares rose 0.5% to $44.18 in after hours activity.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.