Microsoft Raises Dividend, Changes Two Board Members
This article is for subscribers only.
Microsoft Corp. increased its dividend by 11 percent and is replacing two longtime board members when they retire this year, as Chief Executive Officer Satya Nadella puts his own stamp on the software maker.
The Redmond, Washington-based company said in a statement on its blog yesterday that it is raising its quarterly dividend by 3 cents to 31 cents a share. The two departing directors are Dave Marquardt and Dina Dublon, with Kraft Foods Group Inc. Chief Financial Officer Teri List-Stoll and Visa Inc. CEO Charles Scharf joining the board.