Microsoft Corp (MSFT:NASDAQ) announced last week that the company’s board of directors has declared a quarterly dividend of $0.75 per share via a company press release. The dividend will be paid on (Pay Date) September 12, 2024 and will be paid to shareholders who purchased shares no later than August 15, 2024 (Ex-Dividend Date).
Microsoft has also embarked on a transformation of businesses of all sizes in all industries, with plans to build a thriving regional economy that will be full of AI innovation and will be the first of its kind in the United States at the University of Wisconsin-Milwaukee campus. This AI Co-Innovation Lab will connect Wisconsin manufacturers and other companies with Microsoft’s AI experts and developers to develop new prototypes of AI and cloud solutions to improve and accelerate the way businesses work and grow. The goal of this lab is to serve 270 companies and 135 manufacturing companies in Wisconsin, USA by 2030.
Microsoft Corp (MSFT:NASDAQ) also announced that it has expanded its partnership with Axel Springer SE, Europe’s largest digital publisher, based in Berlin, Germany. The partnership covers advertising, artificial intelligence, content and cloud computing. The aim of the collaboration is to use cutting-edge innovation to support independent journalism around the world.
Axel Springer CEO Mathias Döpfner said: “In this new era of artificial intelligence, partnerships are essential to preserve and support independent journalism while ensuring a thriving media environment.” “We are optimistic about the future of journalism and the opportunities we can open up through this expanded partnership with Microsoft.”
These facts have attracted the attention of multinational investment corporations and private investors to buy shares of Microsoft Corp. (MSFT:NASDAQ), which, according to 35 Wall Street analysts, can be expected to grow its share price in the short to medium term investment horizon. The average target price for the short- to medium-term investment horizon was set at $499.90 per share.
Graph Source : www.tipranks.com
