Microsoft (NASDAQ: MSFT) declared a quarterly dividend of $0.83 per share, or $3.32 annualized. This is a 10.7% increase from the prior dividend of $0.75.

The dividend will be payable on December 12, 2024, to stockholders of record on November 21, 2024, with an ex-dividend date of November 21, 2024.

The annual yield on the dividend is 0.8 percent.

The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time.

In addition, the company announced the date for the 2024 Annual Shareholders Meeting, to be held Dec. 10, 2024. Shareholders at the close of business on Sept. 30, 2024, the record date, will be entitled to vote their shares.

This year's annual shareholders meeting will be held virtually and hosted by Satya Nadella, chairman and chief executive officer; Amy Hood, executive vice president and chief financial officer; Brad Smith, vice chair and president; and Sandra E. Peterson, Microsoft lead independent director.

For a dividend history and other dividend-related data on Microsoft (MSFT) click here.