Microsoft Q3 ’23 Dividend Announcement
19 September 2023 I Redmond, WA
The board of directors of Microsoft Corp (Nasdaq: MSFT) has declared a regular quarterly dividend of $0.75 per common share, an increase of approximately 10% from the previous quarterly dividend of $0.68.
For calendar year 2023, this marks the nineteenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All nineteen changes were increases. The average dividend increase is 6.07% compared with December 31, 2022 indicated levels.
Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend.
From the press release: “Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share, reflecting a 7 cent or 10% increase over the previous quarter’s dividend. The dividend is payable Dec. 14, 2023, to shareholders of record on Nov. 16, 2023. The ex-dividend date will be Nov. 15, 2023.”1
About the company: “Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.”1
IMPORTANT DISCLOSURES: The securities discussed herein do not represent all of the securities held by the WCA Rising Dividend Portfolio as of the date presented and are subject to change at any time, without notice. A complete list of holdings as of the date noted above will be provided upon request. The above is presented to illustrate the application of the strategy only and not intended as personalized recommendations of any particular security. The securities identified and described above do not represent all of the securities purchased, sold, or recommended for client accounts. You should not assume that an investment in any of the securities identified was or will be profitable. Changes in market conditions or a company’s financial condition may impact the company’s ability to continue to pay dividends. Companies may also choose to discontinue dividend payments. All investments involve risk, including loss of principal, and there is no guarantee that investment objectives will be met. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager. Equity investments are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors to varying degrees. Fixed Income investments are subject to market, market liquidity, issuer, investment style, interest rate, credit quality, and call risks, among other factors to varying degrees.