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.
Defense contractor Lockheed Martin announced today that they are increasing their quarterly dividend by 19 percent to $.75 per share.
Microsoft initiated their dividend program in 2003, but this marks the first dividend increase from the tech giant since September 2008.
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.