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This goes a long way toward its ability to pay hefty dividends to shareholders. On a per-share basis, Microsoft produced $2.20 per share in free cash flow over the last nine months, and paid just $0.84 per share in dividends during this time.
The dividend is payable March 7 to shareholders of record Feb. 21. Microsoft will review the dividend program regularly, but hopes to make it an annual payout, Connors said. After the stock split, Microsoft will have 10.8 billion shares outstanding, for a total dividend payout of about $864 million.