Microsoft Corp. (Nasdaq:MSFT) reports that its board of directors declared a quarterly dividend of $0.16 per share, reflecting a 3 cent or 23 percent increase over the previous quarter�s dividend. The dividend is payable December 9, 2010 to shareholders of record on November 18, 2010. The ex-dividend date will be November 16, 2010.
“This higher dividend, combined with our ongoing share repurchase program, reflects our commitment to returning capital to our shareholders and our confidence in the long-term growth of the company,� said Peter Klein, chief financial officer of Microsoft.
For the ten years ending June 30, 2010, Microsoft has returned nearly $170 billion to shareholders through dividends and share repurchases. Under the most recent share repurchase plan approved by the Microsoft board in September 2008, the company has approximately $23.7 billion in share repurchase authorization remaining as of June 30, 2010.
Microsoft also announced that its board of directors authorized up to $6 billion in incremental commercial paper and longer-term debt.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Freddie Mac (OTC: FMCC) released the results of its Primary Mortgage Market Survey (PMMS), which found that the 30-year fixed-rate mortgage rate dropped yet again to break the survey’s all-time low; the 15-year fixed-rate did the same. The 5-year ARM also set an all-time survey low.
Freddie Mac’s Primary Mortgage Market Survey (PMMS) is for informational purposes only and Freddie Mac is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available from any lender. Freddie Mac may change the methodology used to conduct the PMMS at any time and without notice.
Freddie Mac provides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities. It operates in three segments: Investments, Single-Family Guarantee, and Multifamily.
The Investments segment invests principally in mortgage-related securities and single-family mortgage loans; purchases mortgage loans and mortgage-related securities; and issues short-and long-term debt in the capital markets.
The Single-Family Guarantee segment purchases single-family mortgages in the primary mortgage market, primarily through its guarantor swap program; securitizes certain mortgages; purchases and issues mortgage-related securities; and guarantees the payment of principal and interest on single-family mortgage-related securities.
The Multifamily segment guarantees, securitizes, and invests in multifamily mortgages and commercial mortgage-backed security; and securitizes and guarantees the payment of principal and interest on multifamily mortgage-related securities and mortgages underlying multifamily housing revenue bonds. This segment also holds equity investments in various limited partnerships that sponsor low-and moderate-income multifamily rental apartments.
The company principally serves lenders in the primary mortgage market that originate mortgages for homeowners and apartment owners, including mortgage banking companies, commercial banks, savings banks, community banks, insurance companies, credit unions, state and local housing finance agencies, and savings and loan associations in the United States. Freddie Mac was founded in 1970 and is based in McLean, Virginia.
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