Microsoft Dividend Increases Near 10% While AI Capex Rises Sharply
Microsoft’s last six dividend increases ranged from 9.6% to 10.7%, with the quarterly payment rising from $0.36 (end-2015) to $0.91 (end-2025). Applying the recent band implies a next quarterly dividend around $1.00, likely in September. The board lifted the payout to $0.91 on Sept. 15, 2025. Capex for AI data centers jumped, pressuring free cash flow.