Microsoft names activist investor to board; declares dividend

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)

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  • Transcripts&10-K's
    , contributor
    Comments (1215) | Send Message
    Great addition to the board.
    12 Mar 2014, 07:12 AM Reply Like
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