MicrosoftMicrosoft (MSFT) announced Tuesday that it was hiking its quarterly dividend to 16 cents a share from 13 cents a share -- a 23% increase.

The new dividend represents an annual dividend yield of 2.5%, TheStreet reported. Microsoft had not raised its dividend in two years.

"This higher dividend, combined with our ongoing share repurchase program, reflects our commitment to returning capital to our shareholders and our confidence in the long-term growth of the company," CFO Peter Klein said in a statement.

The company's board also authorized it to issue as much as $6 billion of additional debt. The company is planning to sell debt to fund share repurchases and dividends, as much of its cash is held overseas.

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themanindbox

As a Microsoft engineer, i can say that Windows 7 was not my idea. The new OS's that microsoft has been releasing have been OK at best. They are no where near as good as the hey day when NT4 was released, or when 2k server was released. Windows has become bloated with old code, and cheap developed software overseas, and it shows. The OS has become so huge that it takes imence processing power to run them. If you have a copy of NT4 i would recommend installing that on your home Laptop and get ready for an amazing amount of speed. The OS not only flys but at this point no one develops viruses for them anymore. So secure, extreem speeds. ahh.. why is it that there old OS's are faster then there new ones? Well to me it is due to the original developement in the US and the amount of time and pride that went into there code. Windows 7, vista, windows 2k8 server, all look pretty, but those who loved windows for its fantastic OS, have since moved on to a Apple wannabe that is no where near as refined. No wonder you have debt.

September 22 2010 at 3:34 PM Report abuse rate up rate down Reply