Microsoft Boosts Quarterly Dividend 8% to $0.98

Microsoft has increased its quarterly dividend for shareholders of record by 8%, lifting the payout from $0.91 to $0.98 per share.

The new distribution is scheduled for December 10, with investors on the November 19 record date eligible for the higher payment.

This move brings Microsoft's annualized dividend to $3.92 per share and represents a forward yield of about 0.79% based on the company's Tuesday closing price of $497.12.