Microsoft has been a company going through a number of changes during the past year, and board changes and investor concerns are always at the top of investors concerns. On Wednesday, Microsoft announced board changes along with increased dividend changes that should please those that follow the company.
With the appointment of two new board members to the Microsoft board, Microsoft is replacing outgoing board member Steve Ballmer, and adding another one. The increase of the quarterly dividend will also please Microsoft investors looking to gain more from the company with its investments.
Two New Board Members
The first news of Wednesday circled around the appointment of two new board members to Microsoft. As Steve Ballmer announced his exit from the Microsoft board earlier this year, the company has been looking for people to replace him, and get new voices on the board who can bring the company forward with its new vision.
The first new appointee is Teri List Stoll, who is the Chief Financial Officer at Kraft Foods Group Inc. Se brings a wealth of investor and financial background to the board, and can help guide its future. Second up is Charles W Scharf, who is CEO at Visa Inc, who will join Dave Marquardt on October 1, 2014 to join the Microsoft board.
Quarterly Dividend Increase
With the announcement of two new members, and the exit of Dave Marquardt and Dina Dublon from the board, Microsoft also announced that the board declared a quarterly dividend of $0.31 per share, which is a 3-cent or 11 percent increase of over the past quarters dividend. It will be payable on December 11, 2014 to shareholders of record on November 20, 2014.
The increase of the quarterly dividend will certainly make investors happy, and give back money to those who own stock in the company. Dividends are always the best way to please shareholders, and the continual increase of revenues and share price of Microsoft is allowing this to occur. The price of Microsoft has been flat throughout the years, and by giving investors of all sizes a dividend, the company can focus on increasing revenues as it transforms itself beyond Windows.
This inside news was important for Microsoft. It gains two new board members, while giving back to those who invested in it.