A balloon note is the name given to a promissory note in which repayment involves a balloon payment. A balloon mortgage is a written instrument that exchanges real property as security for the repayment of a debt, the last installment of which is a balloon payment, frequently all the principal of the debt.
Direct Stock Purchase and Dividend Reinvestment Plan. American Stock Transfer, Microsoft's transfer agent, administers a direct stock purchase plan and a dividend reinvestment program for the company. To find out more about these programs you may contact AST directly at (800) 285-7772, Option 1, between the hours of 5 A.M. and 5 P.M. Pacific Time, Monday through Fridays. Alternatively, you can the view program online by going to AST's Web site. Microsoft pays a quarterly dividend of $0.36 per share.
A dividend is a boon to shareholders, including Apple employees, who have already seen the companyâs stock rise 48 percent this year. Fidelity Management, Appleâs largest shareholder, will make $128.81 million each quarter from the dividend, based on its holdings as of Dec. 31.It was high time to do this,â said David Rolfe, chief investment officer of Wedgewood Partners Inc., which holds Apple shares. The dividend will cost Apple about $10 billion a year and represents a yield of 1.8 percent on the stockâs closing price today.