Microsoft (MSFT) Dividend History & Yield
Dividend ContenderMicrosoft (MSFT) has increased its dividend for 21 consecutive years and currently yields 0.85%. The most recent dividend was $0.9100/share on Mar 12, 2026, paid Quarterly.
MSFT
Current Yield
0.85%
TTM Dividend/Share
$3.56
Payment Frequency
Quarterly
Payout Ratio
21.2%
Consecutive Growth Years
21 (Dividend Contender)
Div Growth (1Y CAGR)
10.39%
Div Growth (5Y CAGR)
10.22%
Div Growth (10Y CAGR)
10.18%
MSFT: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
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
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 21.2%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($9.63) covers dividend/share ($3.56).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined 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%) exceeds EPS growth (-12.6%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 21, 2026
- Payment date
- Jun 11, 2026
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Feb 19, 2026
- Payment date
- Mar 12, 2026
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Nov 20, 2025
- Payment date
- Dec 11, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Aug 21, 2025
- Payment date
- Sep 11, 2025
- Dividend
- $0.8300
- Adj. dividend
- $0.8300
Ex-date May 15, 2025
- Payment date
- Jun 12, 2025
- Dividend
- $0.8300
- Adj. dividend
- $0.8300
Ex-date Feb 20, 2025
- Payment date
- Mar 13, 2025
- Dividend
- $0.8300
- Adj. dividend
- $0.8300
Ex-date Nov 21, 2024
- Payment date
- Dec 12, 2024
- Dividend
- $0.8300
- Adj. dividend
- $0.8300
Ex-date Aug 15, 2024
- Payment date
- Sep 12, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date May 15, 2024
- Payment date
- Jun 13, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Feb 14, 2024
- Payment date
- Mar 14, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Nov 15, 2023
- Payment date
- Dec 14, 2023
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Aug 16, 2023
- Payment date
- Sep 14, 2023
- Dividend
- $0.6800
- Adj. dividend
- $0.6800
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 16, 2023 | Sep 14, 2023 | $0.6800 | $0.6800 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Microsoft has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 21 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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 | — |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Microsoft (MSFT) from the consolidated cash flow statement, in USD as filed.
Latest period
$25.86B
YoY change
+10.6%
5Y CAGR
+9.7%
Peak year (2005)
$36.11B
Latest annual
$24.08B
Cash dividends paid over time for Microsoft (MSFT)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Microsoft (MSFT)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $24.08B | +10.6% | +$2.31B | ||
| 2024 | $21.77B | +10.0% | +$1.97B | ||
| 2023 | $19.80B | +9.2% | +$1.67B | ||
| 2022 | $18.14B | +9.8% | +$1.61B | ||
| 2021 | $16.52B | +9.1% | +$1.38B | ||
| 2020 | $15.14B | +9.6% | +$1.33B | ||
| 2019 | $13.81B | +8.8% | +$1.11B | ||
| 2018 | $12.70B | +7.2% | +$854.00M | ||
| 2017 | $11.85B | +7.6% | +$839.00M | ||
| 2016 | $11.01B | +11.4% | +$1.12B | ||
| 2015 | $9.88B | +11.3% | +$1.00B | ||
| 2014 | $8.88B | +19.1% | +$1.42B | ||
| 2013 | $7.46B | +16.8% | +$1.07B | ||
| 2012 | $6.38B | +23.3% | +$1.21B | ||
| 2011 | $5.18B | +13.1% | +$602.00M | ||
| 2010 | $4.58B | +2.5% | +$110.00M | ||
| 2009 | $4.47B | +11.3% | +$453.00M | ||
| 2008 | $4.01B | +5.5% | +$210.00M | ||
| 2007 | $3.81B | +7.3% | +$260.00M | ||
| 2006 | $3.54B | -90.2% | -$32.57B | ||
| 2005 | $36.11B | +1988.6% | +$34.38B | ||
| 2004 | $1.73B | +101.8% | +$872.00M | ||
| 2003 | $857.00M | — | +$857.00M | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | -100.0% | -$13.00M | ||
| 2000 | $13.00M | -53.6% | -$15.00M | ||
| 1999 | $28.00M | 0.0% | $0 | ||
| 1998 | $28.00M | +86.7% | +$13.00M | ||
| 1997 | $15.00M | — | +$15.00M | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
As of the 2025 fiscal year, Microsoft (MSFT) reported dividends paid of $24.08B – grew 10.6% year-over-year.
Across 2020–2025 (5 years), Microsoft dividends paid produced a CAGR of +9.7% – sustaining 19 straight years of year-over-year growth.
Between 2005 and 2025, Microsoft dividends paid plunged 33.3%, falling from $36.11B to $24.08B.
Across the available history, dividends paid reached its high of $36.11B in 2005 and its low of $0 in 1989.
Within Technology, Microsoft (MSFT) ranks 2nd among 8 peers we track. The peer median for dividends paid is $1.71B.
Microsoft Dividends Paid 2025: $24.08B
Microsoft dividends paid in 2025 was $24.08B, grew 10.6% from 2024.
Microsoft Dividends Paid 2024: $21.77B
Microsoft dividends paid in 2024 was $21.77B, grew 10.0% from 2023.
Microsoft Dividends Paid 2023: $19.80B
Microsoft dividends paid in 2023 was $19.80B, grew 9.2% from 2022.
Microsoft Dividends Paid 2022: $18.14B
Microsoft dividends paid in 2022 was $18.14B, grew 9.8% from 2021.
Microsoft Dividends Paid 2021: $16.52B
Microsoft dividends paid in 2021 was $16.52B.
See more financial history for Microsoft (MSFT).
Sector peers by dividends paid
Companies in the same sector as Microsoft, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| TSMC (TSM) | $471.61B | Technology |
| Apple (AAPL) | $15.42B | Technology |
| Broadcom (AVGO) | $11.14B | Technology |
| ASML (ASML) | $2.45B | Technology |
| NVIDIA (NVDA) | $974.00M | Technology |
| Micron Technology (MU) | $522.00M | Technology |
| AMD (AMD) | $0 | Technology |
| Intel (INTC) | $0 | Technology |
Frequently asked questions
Does Microsoft pay dividends?
Yes, Microsoft (MSFT) pays quarterly dividends of approximately $3.56 per share annually, yielding 0.85%.
What is Microsoft's dividend yield?
Microsoft (MSFT) has a current dividend yield of 0.85%.
Is Microsoft's dividend safe?
Microsoft (MSFT) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Microsoft increased its dividend?
Microsoft (MSFT) has 21 consecutive years of dividend increases.
What is Microsoft's dividend payout ratio?
Microsoft (MSFT) has a dividend payout ratio of 21.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Microsoft's dividends paid?
Latest reported dividends paid for Microsoft (MSFT) is $25.86B (period ending March 31, 2026).
How has Microsoft dividends paid changed year-over-year?
Microsoft (MSFT) dividends paid changed +10.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Microsoft dividends paid?
Microsoft (MSFT) dividends paid compound annual growth rate is +9.7% over the most recent 5 years available.
When did Microsoft dividends paid hit its highest annual value?
Microsoft dividends paid reached its highest annual value of $36.11B in 2005.
What was Microsoft dividends paid in 2024?
Microsoft (MSFT) dividends paid in 2024 was $21.77B.
What was Microsoft dividends paid in 2025?
Microsoft (MSFT) dividends paid in 2025 was $24.08B.
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