3 ms·
thats right, forgot about that special dividend. they also announced a huge buyback at that time as well. here it is http://www.microsoft.com/presspass/press/2
by nikcub 15y ago
thats right, forgot about that special dividend. they also announced a huge buyback at that time as well.
here it is http://www.microsoft.com/presspass/press/2004/jul04/07-20boardpr.mspx http://www.microsoft.com/presspass/press/2004/jul04/07-20boa...
I think their stock has been pretty flat since, and the dividend increases haven't done much to stimulate the price.
Edit: btw, is this you in the MF thread about it? :) http://ask.metafilter.com/11657/Why-Will-Dividend-Make-Microsoft-Stock-Price-Fall-By-Dividend-Amount http://ask.metafilter.com/11657/Why-Will-Dividend-Make-Micro...
- smackfu 15y agoHaha, yep, that's me. I even owned the stock at the time. And yes, the stock was flat for the next 3-4 years, at which point I sold it and it continues to be flat.
- InclinedPlane 15y agoThe dividend and buyback has been an attempt to mitigate the stock price flatness problem. It's a very serious issue for the company, especially at the employee level (what's the use of stock grants and options if they have no value beyond mere cash payments?
- smackfu 15y agoOn the other hand, employee options are actually hurt by dividends since the option holder takes the price hit on their outstanding options, but does not receive the dividend value.
- tedunangst 15y agoMarket options are sometimes adjusted for exceptional dividends, but I don't know about employee options.