The Office 365 announcement from Microsoft actually added $5 billion to the company’s market cap today.
IBM has finally overtaken Microsoft to become the 2nd most valuable tech stock in the world.
Gone are the days of heady growth rates and disruptive technologies. In fact you could argue that these tech giants are nothing more than glorified utility stocks.
Microsoft needs to dramatically ramp up their dividend program to where they become one of the top 20 dividend stocks in the S&P 500.
Microsoft initiated their dividend program in 2003, but this marks the first dividend increase from the tech giant since September 2008.
Are tech stocks cheap or is the worst still to come?
Investor expectations for a dividend increase from Microsoft have been increasing in recent weeks.
Dow component Microsoft announced late yesterday that its Board of Directors has approved a quarterly dividend of $.13 per share.
Microsoft is increasing their quarterly dividend by 18% to $.13 per share.