Microsoft Corporation To Release Dividend on March 10.

The tech giant is planning on releasing its dividend for the February crowd on March 10.

According to the reports by the tech giant, Microsoft Corporation, the company will be releasing its dividend on March 10. A dividend of $0.36 per share will be given to shareholders who have had the shares from February 18 which clearly indicated the dividend rate per year of $1.44 and a yield of 2.64%. On the other hand, the price target has been raised by analysts to $65.00 per share with a rating of Buy on Microsoft’s stock, as per the note issued by the experts to the investors of the company.

At the trading session on Wednesday, the multinational technology corporation’s shares were being traded at a share price of $54.98 which indicated a decline of 1.50% from the previous stock price. The reason for the decline was that that on December 9, the tech stock market was down too which affected a number of other tech companies including the Silicon Valley giant Apple, Inc.

The price to earnings ratio of the Redmond, Washington based corporation is currently at 36.56 with a market capitalization of $439.18 billion. In a year’s time, the highest level at which Microsoft shares were seen at was $56.23 and the lowest that the share price was witnessed at was $39.72. Earnings per share, on the other hand, that were reported by the technology company was $0.67 which beat the analyst’s expectation of $0.58 indicating a difference of $0.09 in the actual and estimated EPS. The total revenue reported by MSFT was $21.66 billion in comparison to the analyst’s calculations of $21 billion again showing a difference of as much as 0.66 billion.

In the same quarter last year, the revenue that was reported by the tech giant was 6.60% below the revenue for the current period and the earnings per share that were reported by the company were $0.54. As per the current estimations of the analysts, the company is likely to report EPS of $2.77 for the present fiscal year.

Insider trading was witnessed in the tech corporation and was disclosed to the SEC according to which the CAO of the tech company sold 20,000 shares at a price of $53.51 per share. The total transaction was worth $6.31 million. Another associate of the company Braun Stacey sold as many as 210,196 in the previous quarter.

A number of stock experts have given their ratings for the stock of the tech company. Out of 31, 20 analysts have given a rating of Buy while 4 have given a rating of Sell and finally 10 have suggested a Hold.