Microsoft Corporation dividend history

Microsoft Corporation's dividend was $3.64 a share in fiscal 2026, up 9.6% on the year before. That was 19.8% of net income. It has raised its dividend per share every year since fiscal 2010, as far back as our figures go.

Dividends, buybacks and capital spending

FY2027 Q1 TTM

Buybacks (TTM): $21B
Dividends (TTM): $27B
Returned to shareholders: 80%; of free cash flow
Buybacks, last 3 fiscal years: $57.9B
Diluted share count: −0.2%; year over year
Total shareholder yield: 1.3%; dividends 0.7% + buybacks 0.6% of market value
Dividend payout ratio: 19%; of net income paid out
R&D spending: 10.5%; of revenue
Days sales outstanding: 65 days; receivables vs revenue

Dividends by fiscal year

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Microsoft Corporation: dividends by fiscal year, annual
Fiscal year	2010Jun 2010	2011Jun 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026	LTMSept 2026
Dividend per share	$0.520	$0.640	$0.800	$0.920	$1.12	$1.24	$1.44	$1.56	$1.68	$1.84	$2.04	$2.24	$2.48	$2.72	$3.00	$3.32	$3.64	—
Dividend per share growth	—	+23.1%	+25.0%	+15.0%	+21.7%	+10.7%	+16.1%	+8.3%	+7.7%	+9.5%	+10.9%	+9.8%	+10.7%	+9.7%	+10.3%	+10.7%	+9.6%	—
Dividends paid	4.6	5.2	6.4	7.5	8.9	9.9	11.0	11.8	12.7	13.8	15.1	16.5	18.1	19.8	21.8	24.1	26.4	27.0
Share buybacks	11.3	11.6	5.0	5.4	7.3	14.4	16.0	11.8	10.7	19.5	23.0	27.4	32.7	22.2	17.3	18.4	22.3	21.0
Dividends ÷ net income	24.4%	22.4%	37.6%	34.1%	40.2%	81.0%	53.6%	46.5%	76.6%	35.2%	34.2%	27.0%	24.9%	27.4%	24.7%	23.6%	19.8%	19.0%
Dividends ÷ free cash flow	20.7%	21.0%	21.8%	30.3%	32.9%	41.7%	44.1%	37.7%	39.4%	36.1%	33.5%	29.4%	27.8%	33.3%	29.4%	33.6%	39.5%	45.1%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Microsoft Corporation's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Microsoft Corporation.