Microsoft (MSFT) Increases Its Dividend

Microsoft (

) Corporation announced that the company is increasing its dividend. The software giant has been sitting on a huge cash hoard for years. The company is increasing its dividend 23%. It's about time. An investment in Microsoft has been dead money for years now. This move signals that the company is finally admitting that the best place for its cash is in the hands of its shareholders. Microsoft has tried a number of failed ventures over the past few years including the Zune. While the dividend increase is widely welcomed by investors; Microsoft seems to be admitting that its days of growing are in the company's rear view mirror.