DOWNLOAD CENTER   |   2010 PROXY STATEMENT   |   INVESTOR RELATIONS WEBSITE   |    SITE MAP |    SEARCH

Financial Review

Previous Next
STOCK PRICE INFORMATION, ISSUER PURCHASES OF EQUITY SECURITIES,
DIVIDENDS, AND STOCK PERFORMANCE

QUARTERLY STOCK PRICE

Our common stock is traded on the NASDAQ Stock Market under the symbol MSFT. On July 20, 2010, there were 138,568 registered holders of record of our common stock. The high and low common stock sales prices per share were as follows:

Quarter Ended September 30 December 31 March 31 June 30 Fiscal Year
Fiscal Year 2010
High $26.25 $31.50 $31.24 $31.58 $31.58
Low $22.00 $24.43 $27.57 $22.95 $22.00
Fiscal year 2009
High $28.50 $27.47 $21.00 $24.34 $28.50
Low $23.50 $17.50 $14.87 $18.18 $14.87

SHARE REPURCHASES AND DIVIDENDS

Share Repurchases

On September 22, 2008, we announced the completion of the two repurchase programs approved by our Board of Directors during the first quarter of fiscal year 2007 to buy back up to $40.0 billion of Microsoft common stock. On September 22, 2008, we also announced that our Board of Directors approved a new share repurchase program authorizing up to $40.0 billion in share repurchases with an expiration date of September 30, 2013. As of June 30, 2010, approximately $23.7 billion remained of the $40.0 billion approved repurchase amount. The repurchase program may be suspended or discontinued at any time without prior notice.

We repurchased the following shares of common stock under the above-described repurchase plans using cash resources:

(In millions) Shares Amount Shares Amount Shares Amount
Year Ended June 30, 2010 (a) 2009 (b) 2008 (c)
First quarter 58 $1,445 223 $5,966 81 $2,348
Second quarter 125 3,583 95 2,234 120 4,081
Third quarter 67 2,000 0 0 30 1,020
Fourth quarter 130 3,808 0 0 171 4,975
Total 380 $10,836 318 $8,200 402 $12,424
(a) All shares repurchased in fiscal year 2010 were repurchased under the plan approved by our Board of Directors on September 22, 2008.
(b) Of the 318 million shares of common stock repurchased in fiscal year 2009, 101 million shares were repurchased for $2.7 billion under the plan approved by our Board of Directors during the first quarter of fiscal year 2007. The remaining shares were repurchased under the plan approved by our Board of Directors on September 22, 2008.
(c) All shares repurchased in fiscal year 2008 were repurchased under the plan approved by our Board of Directors during the first quarter of fiscal year 2007.

Dividends

In fiscal year 2010, our Board of Directors declared the following dividends:

Declaration Date Dividend
Per Share
Record Date Total Amount Payment Date
(in millions)
September 18, 2009 $0.13 November 19, 2009 $1,152 December 10, 2009
December 9, 2009 $0.13 February 18, 2010 $1,139 March 11, 2010
March 8, 2010 $0.13 May 20, 2010 $1,130 June 10, 2010
June 16, 2010 $0.13 August 19, 2010 $1,127 September 9, 2010

The dividend declared on June 16, 2010 will be paid after the filing of our 2010 Form 10-K and was included in other current liabilities as of June 30, 2010.

In fiscal year 2009, our Board of Directors declared the following dividends:

Declaration Date Dividend
Per Share
Record Date Total Amount Payment Date
(in millions)
September 19, 2008 $0.13 November 20, 2008 $1,157 December 11, 2008
December 10, 2008 $0.13 February 19, 2009 $1,155 March 12, 2009
March 9, 2009 $0.13 May 21, 2009 $1,158 June 18, 2009
June 10, 2009 $0.13 August 20, 2009 $1,157 September 10, 2009

The dividend declared on June 10, 2009 was included in other current liabilities as of June 30, 2009.

STOCK PERFORMANCE

COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among Microsoft Corporation, The S&P 500 Index
And The NASDAQ Computer Index

Total Return

6/05 6/06 6/07 6/08 6/09 6/10
Microsoft Corporation 100.00 95.03 121.86 115.40 102.15 100.77
S&P 500 100.00 108.63 131.00 113.81 83.98 96.09
NASDAQ Computer 100.00 100.43 126.57 117.26 98.08 119.38

* $100 invested on 6/30/05 in stock or index, including reinvestment of dividends.