Microsoft is raising its quarterly dividend 16 percent to 36 cents a share.
The Redmond, Washington, company said Tuesday it will pay the new rate Dec. 10 to shareholders of record Nov. 19.
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Microsoft Corp. last September increased its dividend to 31 cents from 28 cents.
Shares of the technology giant closed trading at $43.98, up 94 cents, or 2.2 percent. For the year to date, Microsoft shares are down about 5 percent.