Dividend Paying Stocks
I would like to share with the reader an article printed in the financial section of U.S.A. Today on March 7, 2003 which exemplifies the awesome power of a stock dividend.
MICROSOFT TO ISSUE FIRST DIVIDEND TODAY:
Microsoft investors will get their first payday today,when the tech giant shells out its first dividend. At 8cents a share, the dividend will cost the company $850million. Co-founder Bill Gates, who owns about 1.2 billion shares will receive a dividend of $96.5 million.The dividend marks a shift for Microsoft, which hadlong hoarded cash – to the tune of $43.4 billion – forresearch, acquisitions and legal claims.
After reading this article I couldn’t help thinking about a report, which I believe stated that there were an estimated 33 million people in America living under the official poverty level. Bill Gates, by giving away his Microsoft dividend to those living under the poverty level could begin to create 96 millionaires, year after year after year. What a boost to the economy that would be! Imagine all those new millionaires every year spending money on something other than food, Salvation Army clothing and shelter. Read the rest of this entry »
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