Microsoft Raises Dividend 8%

Microsoft will increase its quarterly dividend from 91 to 98 cents per share, an 8% rise, with payments starting in December. A year ago, the company raised the dividend by 10%. The stock was nearly unchanged after the announcement.

• Dividend will rise from 91 to 98 cents per share
• Increase is 8% versus 10% a year earlier
• Payments will begin in December
• Microsoft shares were nearly unchanged after the announcement