Reporting for 12 months ended June 30, 2013, Microsoft Corporation’s net income is down around $5 billion. According to the company, these financial results reflect “ongoing strength in enterprise offset by a challenging consumer PC market.” One of four U.S. companies with the highest AAA credit rating, Microsoft Corp. reported quarterly revenue of $19.90 billion for the quarter ended June 30, 2013, compared to $18.05 billion in the same period a year ago. Operating income, net income, and diluted earnings per share for the quarter were $6.07 billion, $4.97 billion, and $0.59 per share, according to a company press release.
Microsoft raised its dividend by 22% today and announced a $40 billion share repurchase program that will replace its current program expiring at the end of September, according to CNN. The company will pay a 3.4% dividend yield, compared to the Apple Inc. (AAPL
) yield of 2.7%. Microsoft’s dividend yield is currently 2.80% with a dividend payout ratio of 34.5%. Continue Reading »