Current Yield
0.93%
TTM Dividend/Share
$3.56
Payment Frequency
Quarterly
Payout Ratio
21.2%
Consecutive Growth Years
21 (Dividend Contender)
Key takeaways
- Dividend Contender — Microsoft (MSFT) has raised its dividend for 21 consecutive years.
- Microsoft (MSFT) currently yields 0.93%, paying $3.56 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 21.2% — the share of earnings distributed as dividends.
- 8 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 10.22% (growth is accelerating).
Dividend health for Microsoft (MSFT)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 11.1% |
FCF payout ratio | 9.3% |
Net debt / EBITDA | 0.1x |
Interest coverage | 52.69x |
ROIC (TTM) | 26.5% |
Dividend safety score for Microsoft (MSFT)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
8 of 8 checks passed
Payout ratio below 75%
Payout ratio is 21.2%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $47.1B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
21 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 9.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.2%) ≤ EPS growth (10.5%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
91 payments from 2003 to 2026 · Adj. Dividend is split-adjusted
| Aug 20, 2026 | Sep 10, 2026 | $0.9100 | $0.9100 |
| May 21, 2026 | Jun 11, 2026 | $0.9100 | $0.9100 |
| Feb 19, 2026 | Mar 12, 2026 | $0.9100 | $0.9100 |
| Nov 20, 2025 | Dec 11, 2025 | $0.9100 | $0.9100 |
| Aug 21, 2025 | Sep 11, 2025 | $0.8300 | $0.8300 |
| May 15, 2025 | Jun 12, 2025 | $0.8300 | $0.8300 |
| Feb 20, 2025 | Mar 13, 2025 | $0.8300 | $0.8300 |
| Nov 21, 2024 | Dec 12, 2024 | $0.8300 | $0.8300 |
| Aug 15, 2024 | Sep 12, 2024 | $0.7500 | $0.7500 |
| May 15, 2024 | Jun 13, 2024 | $0.7500 | $0.7500 |
| Feb 14, 2024 | Mar 14, 2024 | $0.7500 | $0.7500 |
| Nov 15, 2023 | Dec 14, 2023 | $0.7500 | $0.7500 |
- Aug 20, 2026$0.9100
- May 21, 2026$0.9100
- Feb 19, 2026$0.9100
- Nov 20, 2025$0.9100
- Aug 21, 2025$0.8300
- May 15, 2025$0.8300
- Feb 20, 2025$0.8300
- Nov 21, 2024$0.8300
- Aug 15, 2024$0.7500
- May 15, 2024$0.7500
- Feb 14, 2024$0.7500
- Nov 15, 2023$0.7500
Historical dividend yield for Microsoft (MSFT)
Dividend per share for Microsoft (MSFT)
CAGR (per year)1Y: 10.39%5Y: 10.22%10Y: 10.18%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2003 | $0.24 | 2 |
| 2004 | $3.16 | 2 |
| 2005 | $0.32 | 4 |
| 2006 | $0.37 | 4 |
| 2007 | $0.41 | 4 |
| 2008 | $0.46 | 4 |
| 2009 | $0.52 | 4 |
| 2010 | $0.55 | 4 |
| 2011 | $0.68 | 4 |
| 2012 | $0.83 | 4 |
| 2013 | $0.97 | 4 |
| 2014 | $1.15 | 4 |
| 2015 | $1.29 | 4 |
| 2016 | $1.47 | 4 |
| 2017 | $1.59 | 4 |
| 2018 | $1.72 | 4 |
| 2019 | $1.89 | 4 |
| 2020 | $2.09 | 4 |
| 2021 | $2.30 | 4 |
| 2022 | $2.54 | 4 |
| 2023 | $2.79 | 4 |
| 2024 | $3.08 | 4 |
| 2025 | $3.40 | 4 |
| 2026 | $2.73 | 3 |
Dividend growth for Microsoft (MSFT)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $3.4000 | — | — |
| 2025 | $3.0800 | $3.4000 | +10.4% |
| 2024 | $2.7900 | $3.0800 | +10.4% |
| 2023 | $2.5400 | $2.7900 | +9.8% |
| 2022 | $2.3000 | $2.5400 | +10.4% |
| 2021 | $2.0900 | $2.3000 | +10.0% |
| 2020 | $1.8900 | $2.0900 | +10.6% |
| 2019 | $1.7200 | $1.8900 | +9.9% |
| 2018 | $1.5900 | $1.7200 | +8.2% |
| 2017 | $1.4700 | $1.5900 | +8.2% |
| 2016 | $1.2900 | $1.4700 | +14.0% |
| 2015 | $1.1500 | $1.2900 | +12.2% |
| 2014 | $0.9700 | $1.1500 | +18.6% |
| 2013 | $0.8300 | $0.9700 | +16.9% |
| 2012 | $0.6800 | $0.8300 | +22.1% |
| 2011 | $0.5500 | $0.6800 | +23.6% |
| 2010 | $0.5200 | $0.5500 | +5.8% |
| 2009 | $0.4600 | $0.5200 | +13.0% |
| 2008 | $0.4100 | $0.4600 | +12.2% |
| 2007 | $0.3700 | $0.4100 | +10.8% |
| 2006 | $0.3200 | $0.3700 | +15.6% |
| 2005 | — | $0.3200 | — |
- 2026—
- 2025$3.4000
- 2024$3.0800
- 2023$2.7900
- 2022$2.5400
- 2021$2.3000
- 2020$2.0900
- 2019$1.8900
- 2018$1.7200
- 2017$1.5900
- 2016$1.4700
- 2015$1.2900
- 2014$1.1500
- 2013$0.9700
- 2012$0.8300
- 2011$0.6800
- 2010$0.5500
- 2009$0.5200
- 2008$0.4600
- 2007$0.4100
- 2006$0.3700
- 2005$0.3200
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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