Microsoft names activist investor to board; declares dividend

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Microsoft (MSFT) has named Mason Morfit, the President of activist investor ValueAct Capital, to its board and audit committee as part of a deal that was agreed in the summer.

Microsoft offered Morfit the board seat in August after ValueAct Capital bought a $2B holding in the company in April and began to agitate for change.

Microsoft also declared a quarterly dividend of $0.28 a share. The dividend is payable on June 12 to shareholders of record on May 15. The ex-dividend date will be May 13. (PR)