Microsoft Corporation (NASDAQ:MSFT) up by 1.04%, Financial Select Sector SPDR (NYSEARCA:XLF)

Posted by Kristi Scott May 14, 2013 0 Comment 1245 views


Microsoft Corporation (NASDAQ:MSFT): Monday’s trading session saw Microsoft Corporation (NASDAQ:MSFT) shares headed 1.04% up. The opening price of $32.61 touched an intraday high of $33.07 per share before setting down to $32.55. A total of around 36.04 million shares exchanged hands in the Monday trading session, which stood below the average volume of 61.05 million, measured over a period of 30 days.

Microsoft Corporation will commence trading ex-dividend on 14 May 2013. A $0.23 per share cash dividend payment is scheduled to be paid out on 13 June 2013. Shareholders who have purchased MSFT stock before the ex-dividend date will be eligible for the payment of the cash dividend. This is the 3rd quarter that Microsoft Corporation (NASDAQ:MSFT) has paid this same dividend. The dividend yield is 2.81% at the current stock price. The last sale of Microsoft on the previous trading day was $32.69. This represented a -3.6% drop from the $33.91, 52-week high and a 24.49% rise over the $26.26, 52-week low. Microsoft Corporation (NASDAQ:MSFT) current earnings per share is $1.95, which is a distinct indicator of the profitability of the company.

Microsoft Corporation (NASDAQ:MSFT) is involved in development, licensing and supporting a variety of software services and products. It also delivers online advertising to the customers and designs and sells hardware. Microsoft Corporation operates in five different segments: Windows & Windows Live Division (Windows Division), Online Services Division (OSD), Server and Tools, Entertainment and Devices Division (EDD) and Microsoft Business Division (MBD).

Financial Select Sector SPDR (NYSEARCA:XLF): Monday’s trading session saw Financial Select Sector SPDR (NYSEARCA:XLF) shares headed 0.31% upward. The opening price of $19.22 touched an intraday high of $19.34 per share before setting down to $19.17. A total of around 31.47 million shares exchanged hands in the Monday trading session, which stood below the average volume of 49.66 million, measured over a period of 30 days.

Financial Select Sector SPDR Fund provides investment results that generally correspond to the rate and yield performance of the Financial Select Sector Index. This Index is inclusive of various companies that belong to industries such as real estate investment trusts (REITs), diversified financial services, commercial banks, insurance, mortgage finance, capital markets, consumer finance, thrifts as well as real estate management and development. SSgA Funds Management, Inc is the Financial Select Sector SPDR (NYSEARCA:XLF)’s investment advisor.


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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