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Microsoft Hikes Dividend

The company will pay out 11 cents a share.
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(MSFT) - Get Microsoft Corporation Report

said its board of directors voted to boost the software giant's quarterly dividend by 1 cent to 11 cents a share.

The next dividend will be payable Dec. 13 to shareholders of record on Nov. 15. The ex-dividend date will be Nov. 13, Redmond, Wash.-based Microsoft said.

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Shares of Microsoft rose 10 cents to $29.03 in early trading Thursday.