Stock Update (NASDAQ:MSFT): Microsoft Corporation Declares Quarterly Dividend of $0.31 per Share
Microsoft Corporation (NASDAQ:MSFT) announced that its board of directors declared a quarterly dividend of $0.31 per share. The dividend is payable September 10, 2015 to shareholders of record on August 20, 2015. The ex-dividend date will be August 18, 2015. (Original Source)
Shares of Microsoft closed today at $45.65, down $0.08 or 0.17%. MSFT has a 1-year high of $50.05 and a 1-year low of $40.12. The stock’s 50-day moving average is $46.80 and its 200-day moving average is $44.65.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on June 3, Barclays analyst Raimo Lenschow reiterated a Buy rating on MSFT, with a price target of $53, which implies an upside of 16.1% from current levels. Separately, on May 15, Bernstein Research’s Mark Moerdler reiterated a Buy rating on the stock and has a price target of $56.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Raimo Lenschow and Mark Moerdler have a total average return of 17.3% and 3.6% respectively. Lenschow has a success rate of 70.8% and is ranked #157 out of 3614 analysts, while Moerdler has a success rate of 58.5% and is ranked #1412.
The street is mostly Bullish on MSFT stock. Out of 24 analysts who cover the stock, 13 suggest a Buy rating , 7 suggest a Hold and 4 recommend to Sell the stock. The 12-month average price target assigned to the stock is $47.57, which represents a slight upside potential from current levels.