Microsoft and Keurig Dr Pepper raised dividends, Microsoft also authorized stock buybacks

From Nasdaq: 2024-09-21 07:30:00

1. Microsoft raised its quarterly dividend by nearly 11% to $0.83 per share, consistent with annual hikes since 2019. The tech giant also authorized $60 billion for stock buybacks. Microsoft’s Q4 revenue hit almost $65 billion, fueled by 21% growth in Microsoft Cloud services and AI investments.

2. Keurig Dr Pepper increased its quarterly dividend by 7% to $0.23 per share. Surpassing Pepsi in U.S. soda sales, the company saw 3.3% growth in refreshment beverages. Keurig Dr Pepper anticipates mid-single-digit sales growth, paying the raised dividend on Oct. 11, yielding 2.5% at current prices.



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