Microsoft has announced that its board of directors declared a quarterly dividend of $0.23 per share, reflecting a 3 cent or 15 percent increase over the previous quarter’s dividend, which gives the company a yield of around 2.9%. The dividend is payable December 13, 2012 to shareholders of record on November 15, 2012. The ex-dividend date will be November 13, 2012.
The company also announced the company’s former chairman, president and chief executive officer of Merck & Co., Inc. has decided that he will be retire from and not seek re-election to Microsoft’s board of directors at the company’s 2012 annual meeting of shareholders after 11 years of service.
With Gilmartin’s departure, the Microsoft board will have ten members:
Bill Gates, Microsoft chairman; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; Stephen J. Luczo, chairman, president and CEO of Seagate Technology PLC; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of Bank of America Corp.; Dr. Helmut G. W. Panke, former chairman of the board of management at BMW AG; and John W. Thompson, CEO of Virtual Instruments.
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