Company Update (NASDAQ:MSFT): Microsoft Corporation Announces Quarterly Dividend
Microsoft Corporation (NASDAQ:MSFT) announced that its board of directors declared a quarterly dividend of $0.36 per share. The dividend is payable March 10, 2016, to shareholders of record on Feb. 18, 2016. The ex-dividend date will be Feb. 16, 2016. (Original Source)
Shares of Microsoft closed yesterday at $55.21, down $0.01 or -0.02%. MSFT has a 1-year high of $55.96 and a 1-year low of $39.72. The stock’s 50-day moving average is $52.35 and its 200-day moving average is $46.84.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on November 30, Raymond James analyst Michael Turits upgraded MSFT to Buy, with a price target of $62, which implies an upside of 12.3% from current levels. Separately, on the same day, FBR’s Daniel Ives reiterated a Buy rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Turits and Daniel Ives have a total average return of 14.7% and 6.6% respectively. Turits has a success rate of 68.2% and is ranked #334 out of 3644 analysts, while Ives has a success rate of 61.2% and is ranked #317.
Overall, 2 research analysts have rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 15 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $56.30 which is 2.0% above where the stock closed yesterday.