Microsoft Corporation (MSFT) Dividend History

NASDAQ: MSFTYield, payment dates, growth and payout ratio.

MSFT next dividend

$0.98per share · +7.7% vs last
Ex-dividend dateNov 19Thursday, 2026
Payment dateDec 10Thursday, 2026

Ex-dividend in 32 days. Shareholders who own MSFT before the ex-dividend date receive this payment.

  • 20 yearsof dividend increases
  • 2003paying since
  • Quarterly4 payments a year
  • +10.2%5-year growth a year
  • 0.74%forward yield

MSFT dividend income calculator

Dividend income a year
$392
Each payment
$98
Value of the shares
$52,905
Dividend yield
0.74%

At the latest close; forward annual dividend $3.92 per share, before tax.

MSFT dividends per share by year

Dividends per shareYield at year-end (right axis)

Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.

MSFT dividend safety

Payout ratio (earnings)20.3%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)39.5%
Well covered · of fiscal 2026 free cash flow
Dividend growth (5 years)+10.2%
Growing · a year on average
Years of increases20
Long record · consecutive calendar years with a higher dividend

Descriptive bands, not a rating.

MSFT yield on cost

Microsoft Corporation yield on cost
BoughtPrice paidYield on costDividends since% of price
1 year ago$513.580.76%$3.640.7%
3 years ago$330.111.19%$9.963.0%
5 years ago$307.291.28%$15.164.9%
10 years ago$57.666.80%$24.5242.5%
20 years ago$28.5213.74%$32.56114.2%

Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).

MSFT dividend payments

Payment

Each bar is one payment, by ex-dividend month (last 40 payments).

MSFT dividends by year

Microsoft Corporation dividends per share by year
YearDividends per shareGrowthYield (year-end)Payments
2025$3.40+10.4%0.70%4
2024$3.08+10.4%0.73%4
2023$2.79+9.8%0.74%4
2022$2.54+10.4%1.06%4
2021$2.30+10.0%0.68%4
2020$2.09+10.6%0.94%4
2019$1.89+9.9%1.20%4
2018$1.72+8.2%1.69%4
2017$1.59+8.2%1.86%4
2016$1.47+14.0%2.37%4
2015$1.29+12.2%2.33%4
2014$1.15+18.6%2.48%4
2013$0.97+16.9%2.59%4
2012$0.83+22.1%3.11%4
2011$0.68+23.6%2.62%4
2010$0.55+5.8%1.97%4
2009$0.52+13.0%1.71%4
2008$0.46+12.2%2.37%4
2007$0.41+10.8%1.15%4
2006$0.37—1.24%4

MSFT dividend history

92 payments
Microsoft Corporation dividend payment history
Ex-dividend datePayment dateAmountChangeFrequency
2026-11-192026-12-10$0.98+7.7%Quarterly
2026-08-202026-09-10$0.91—Quarterly
2026-05-212026-06-11$0.91—Quarterly
2026-02-192026-03-12$0.91—Quarterly
2025-11-202025-12-11$0.91+9.6%Quarterly
2025-08-212025-09-11$0.83—Quarterly
2025-05-152025-06-12$0.83—Quarterly
2025-02-202025-03-13$0.83—Quarterly
2024-11-212024-12-12$0.83+10.7%Quarterly
2024-08-152024-09-12$0.75—Quarterly
2024-05-152024-06-13$0.75—Quarterly
2024-02-142024-03-14$0.75—Quarterly
2023-11-152023-12-14$0.75+10.3%Quarterly
2023-08-162023-09-14$0.68—Quarterly
2023-05-172023-06-08$0.68—Quarterly
2023-02-152023-03-09$0.68—Quarterly
Show all 92 payments
Ex-dividend datePayment dateAmountChangeFrequency
2022-11-162022-12-08$0.68+9.7%Quarterly
2022-08-172022-09-08$0.62—Quarterly
2022-05-182022-06-09$0.62—Quarterly
2022-02-162022-03-10$0.62—Quarterly
2021-11-172021-12-09$0.62+10.7%Quarterly
2021-08-182021-09-09$0.56—Quarterly
2021-05-192021-06-10$0.56—Quarterly
2021-02-172021-03-11$0.56—Quarterly
2020-11-182020-12-10$0.56+9.8%Quarterly
2020-08-192020-09-10$0.51—Quarterly
2020-05-202020-06-11$0.51—Quarterly
2020-02-192020-03-12$0.51—Quarterly
2019-11-202019-12-12$0.51+10.9%Quarterly
2019-08-142019-09-12$0.46—Quarterly
2019-05-152019-06-13$0.46—Quarterly
2019-02-202019-03-14$0.46—Quarterly
2018-11-142018-12-13$0.46+9.5%Quarterly
2018-08-152018-09-13$0.42—Quarterly
2018-05-162018-06-14$0.42—Quarterly
2018-02-142018-03-08$0.42—Quarterly
2017-11-152017-12-14$0.42+7.7%Quarterly
2017-08-152017-09-14$0.39—Quarterly
2017-05-162017-06-08$0.39—Quarterly
2017-02-142017-03-09$0.39—Quarterly
2016-11-152016-12-08$0.39+8.3%Quarterly
2016-08-162016-09-08$0.36—Quarterly
2016-05-172016-06-09$0.36—Quarterly
2016-02-162016-03-10$0.36—Quarterly
2015-11-172015-12-10$0.36+16.1%Quarterly
2015-08-182015-09-10$0.31—Quarterly
2015-05-192015-06-11$0.31—Quarterly
2015-02-172015-03-12$0.31—Quarterly
2014-11-182014-12-11$0.31+10.7%Quarterly
2014-08-192014-09-11$0.28—Quarterly
2014-05-132014-06-12$0.28—Quarterly
2014-02-182014-03-13$0.28—Quarterly
2013-11-192013-12-12$0.28+21.7%Quarterly
2013-08-132013-09-12$0.23—Quarterly
2013-05-142013-06-13$0.23—Quarterly
2013-02-192013-03-14$0.23—Quarterly
2012-11-132012-12-13$0.23+15.0%Quarterly
2012-08-142012-09-13$0.2—Quarterly
2012-05-152012-06-14$0.2—Quarterly
2012-02-142012-03-08$0.2—Quarterly
2011-11-152011-12-08$0.2+25.0%Quarterly
2011-08-162011-09-08$0.16—Quarterly
2011-05-172011-06-09$0.16—Quarterly
2011-02-152011-03-10$0.16—Quarterly
2010-11-162010-12-09$0.16+23.1%Quarterly
2010-08-172010-09-09$0.13—Quarterly
2010-05-182010-06-10$0.13—Quarterly
2010-02-162010-03-11$0.13—Quarterly
2009-11-172009-12-10$0.13—Quarterly
2009-08-182009-09-10$0.13—Quarterly
2009-05-192009-06-18$0.13—Quarterly
2009-02-172009-03-12$0.13—Quarterly
2008-11-182008-12-11$0.13+18.2%Quarterly
2008-08-192008-09-11$0.11—Quarterly
2008-05-132008-06-12$0.11—Quarterly
2008-02-192008-03-13$0.11—Quarterly
2007-11-132007-12-13$0.11+10.0%Quarterly
2007-08-142007-09-13$0.1—Quarterly
2007-05-152007-06-14$0.1—Quarterly
2007-02-132007-03-08$0.1—Quarterly
2006-11-142006-12-14$0.1+11.1%Quarterly
2006-08-152006-09-14$0.09—Quarterly
2006-05-152006-06-08$0.09—Quarterly
2006-02-152006-03-09$0.09+12.5%Quarterly
2005-11-152005-12-08$0.08—Quarterly
2005-08-152005-09-08$0.08—Quarterly
2005-05-162005-06-09$0.08—Quarterly
2005-02-152005-03-10$0.08−97.4%Quarterly
2004-11-152004-12-02$3.08+3,750.0%Quarterly
2004-08-232004-09-14$0.08−50.0%Quarterly
2003-10-152003-11-07$0.16+100.0%Once a year
2003-02-192003-03-07$0.08—Once a year

Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.

MSFT stock split history

  • 2:1February 18, 2003
  • 2:1March 29, 1999
  • 2:1February 23, 1998
  • 2:1December 9, 1996
  • 2:1May 23, 1994
  • 3:2June 15, 1992
  • 3:2June 27, 1991
  • 2:1April 16, 1990
  • 2:1September 21, 1987

MSFT dividend overview

Microsoft pays an annual dividend of $3.92 per share, a yield of 0.74% at the latest close, paid quarterly. It paid $3.40 per share in 2025, up 10.4% from 2024. It has raised its dividend for 20 consecutive years. Over five years the dividend grew 10.2% a year on average and over ten years 10.2% a year. The payout ratio is 20.3% of trailing earnings.

Related: MSFT cash flow statement, MSFT key metrics, MSFT chart. See the MSFT stock overview for the latest quote and news.

MSFT dividends FAQ

Does Microsoft pay a dividend?

Yes. Microsoft has paid a regular dividend since 2003, quarterly, most recently $0.98 per share with an ex-dividend date of November 19, 2026.

What is Microsoft's dividend yield?

Microsoft's forward annual dividend is $3.92 per share, a dividend yield of 0.74% at the latest close of $529.05.

When is Microsoft's next dividend?

Microsoft's next dividend of $0.98 per share goes ex-dividend on November 19, 2026 and is paid on December 10, 2026. Shareholders who own the stock before the ex-dividend date receive it.

How often does Microsoft pay dividends?

Microsoft pays dividends quarterly.

How fast is Microsoft's dividend growing?

Microsoft's dividend per share grew from $2.09 in 2020 to $3.40 in 2025, 10.2% a year on average over five years; it has increased for 20 years in a row.

What is Microsoft's dividend payout ratio?

Microsoft pays out 20.3% of its trailing earnings as dividends and 39.5% of its free cash flow (fiscal 2026).

Has Microsoft split its stock?

Microsoft has split its stock 9 times: 2:1 on February 18, 2003, 2:1 on March 29, 1999, 2:1 on February 23, 1998, 2:1 on December 9, 1996, 2:1 on May 23, 1994, 3:2 on June 15, 1992, 3:2 on June 27, 1991, 2:1 on April 16, 1990, 2:1 on September 21, 1987. Dividends per share on this page are adjusted for splits.

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