Yesterday the Board of Microsoft decided to send money my way yup send me free money
Yesterday Microsoft decided to raise its dividend by 8.3% from .36 cents a share to .39 cents a share per quarter. While not as big as the past they did announce a 40 billion dollar share buyback also.
While the share buyback is good it’s also bad as it has no defined time table so it could have minimal effect but if they do it over a 3 year time frame it will have a good effect.
Since I own 58.8 shares this will add $1.76 a quarter, or $7.05 a year.
This is how you achieve financial independence when you get enough stocks and the raises each year increase and you hit that crossover point.
I love it when companies throw free money my way don’t you?
I am long MSFT.