On 17 September, Microsoft (MSFT) increased its quarterly dividend by 10.67%, from 75¢ to 83¢ per share.
The dividend will be paid on 12 December to shareholders of record on 21 November. The ex-dividend date is 21 November.
MSFT's contribution to DivGro's projected annual dividend income will increase by $25.60 to $265.60.
I own 80 shares of MSFT at an average cost basis of $31.76 per share. Following this increase, my yield on cost is 10.45%. (MSFT's forward yield is 0.77% at $433.51 per share).
Since I opened my MSFT position in August 2013, the stock has produced total returns of 1,331%, including $1,682.20 in dividend income.
MSFT became DivGro's 7th Home Run stock in October 2016, when the stock doubled my original capital outlay. It is DivGro's first and only Ten Bagger.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $1.89 | $2.09 | $2.30 | $2.54 | $2.79 | ⬆ | $3.08✝ |
| 10.39% | 10.39% | 10.05% | 10.43% | 9.84% | ⬆ | 10.93% |
| 5-year DGR: | 10.16% | ⬆ | 10.26% | |||
✝projected, assuming no further changes
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