Key Stats for Microsoft Stock

• Price change for Microsoft stock in last 6 months: 27%
• $MSFT Stock Price as of Sep. 17: $498
• 52-Week High: $554
• $MSFT Stock Price Target: $573

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What Happened?

Microsoft (MSFT) stock is in focus after the company raised its quarterly dividend to $0.98 per share, an 8% increase from the prior quarter.

That works out to a 7-cent bump per share. The new dividend will be paid out on December 10 to shareholders of record as of November 19, which is also the ex-dividend date.

Morgan Stanley analyst Adam Wood weighed in on the move, noting that this increase is a bit…