Microsoft to lift dividend by 10%, though new implied yield still among the lowest for Dow dividend payers

Microsoft Corp.
MSFT,
-1.04%
is boosting its quarterly dividend by 10%, the company announced Tuesday. Microsoft’s new quarterly dividend will be 75 cents a share, 7 cents above what it was before. The dividend will be payable Dec. 14 to shareholders of record as of Nov. 16. Microsoft’s implied yield based on the new dividend is 0.91%, while its implied yield based on the current dividend is 0.83%. Microsoft is among the lowest-yielding members of the Dow Jones Industrial Average that pay dividends, as only Visa Inc.
V,
-0.78%
and Apple Inc.
AAPL,
-0.42%
yield less. Even with the announced hike, Microsoft’s implied yield would be below the current fourth-highest-yielding Dow component, as Intel Corp.’s
INTC,
-1.17%
stock yields 1.32%.