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Clipper's owner Ballmer is set to make $1 billion annually from Microsoft dividends
Posted on 12/27/23 at 5:16 pm
Posted on 12/27/23 at 5:16 pm
quote:
This comes after the tech giant boosted its quarterly dividend payout to 75 cents a share, or $3 a share annually.
Since Ballmer, the former CEO of Microsoft, owned 333.2 million shares of the company as of 2014 (the last time he filed an ownership disclosure and appears to have adjusted his Microsoft stock), the equivalent of a 4% stake, he would receive just shy of $1 billion in fiscal year 2024.
That’s for simply owning the stock — regardless of how it performs.
And he is building this for the Clippers
there will be a 360-degree, 38,375-square-foot scoreboard, The Halo, which wraps around the perimeter and might be the signature feature of the arena.
18
Posted on 12/27/23 at 5:18 pm to TigerintheNO
kinda looks like a hairy nipple with those solar panels.
Posted on 12/27/23 at 5:18 pm to TigerintheNO
quote:
Clipper's owner Ballmer is set to make $1 billion annually from Microsoft dividends
Live look at Steve Ballmer:
Posted on 12/27/23 at 5:48 pm to TigerintheNO
That’s such an unfathomable anoint of money.
Posted on 12/27/23 at 6:12 pm to TigerintheNO
quote:I like that this place is so fancy that the halo thing might NOT be the signature feature
The Halo, which wraps around the perimeter and might be the signature feature of the arena.
Posted on 12/27/23 at 6:15 pm to RummelTiger
Posted on 12/27/23 at 6:15 pm to ReauxlTide222
Ballmer was a horrendous CEO and is now reaping the benefits of Nadella saving the company to the tune of a billion a year. Not a bad gig.
Posted on 12/27/23 at 6:16 pm to TigerintheNO
quote:
Clipper's owner Ballmer is set to make $1 billion annually from Microsoft dividends
Good for him. Regular people can buy Microsoft stock as well and make $0.75 a share for doing nothing. I encourage people to consider it.
This post was edited on 12/27/23 at 6:17 pm
Posted on 12/27/23 at 6:18 pm to TigerintheNO
Didn't he pay like 3 billion for the team? He could do that in 3 years just on passive income.
He needs to buy the Chargers and Angel's next.
Good for him but dang that is a grotesque amount.
He needs to buy the Chargers and Angel's next.
Good for him but dang that is a grotesque amount.
Posted on 12/27/23 at 6:22 pm to Chucktown_Badger
quote:I believe it's $2.79
Regular people can buy Microsoft stock as well and make $0.75 a share for doing nothing
I think it's around $25 billion in total payments. I don't really understand giving that much money to shareholders, sure seems they'd be better putting that to use back in the company, no?
Posted on 12/27/23 at 6:23 pm to RummelTiger
Posted on 12/27/23 at 6:29 pm to shel311
quote:
I don't really understand giving that much money to shareholders, sure seems they'd be better putting that to use back in the company, no?
If there's enough revenue being diverted back to the company and the company is financially stable enough to make that payment to shareholders, then you ABSOfrickINGLUTELY give that much to your shareholders.
Posted on 12/27/23 at 6:37 pm to shel311
Companies are generally obligated to return whatever that amount is back to the shareholders, they own the company. It’s up to the shareholders to reinvest into the company.
If, that company actually pays dividends, of course. Some companies don’t pay dividends at all, and reinvest into the company, but you know that ahead of time as a shareholder.
Obviously, I’m leaving a lot out, but that’s the basics.
If, that company actually pays dividends, of course. Some companies don’t pay dividends at all, and reinvest into the company, but you know that ahead of time as a shareholder.
Obviously, I’m leaving a lot out, but that’s the basics.
This post was edited on 12/27/23 at 6:39 pm
Posted on 12/27/23 at 6:39 pm to shel311
quote:
I don't really understand giving that much money to shareholders, sure seems they'd be better putting that to use back in the company, no?
Sorry but you’re a moron… there wouldn’t be shareholders if they didn’t get rewarded
Posted on 12/27/23 at 6:54 pm to TigerintheNO
It’s truly insane when you realize Ballmer was the worst CEO in the company’s history. Microsoft went his entire tenure without setting an all time high.
Posted on 12/27/23 at 6:55 pm to chalmetteowl
quote:
Sorry but you’re a moron… there wouldn’t be shareholders if they didn’t get rewarded
Warren Buffet doesn’t believe in dividends.
Posted on 12/27/23 at 7:01 pm to Chucktown_Badger
quote:True, but at nearly $400 per to even make $10,000/yr in dividends you would need to own $1mm in stock.
Good for him. Regular people can buy Microsoft stock as well and make $0.75 a share for doing nothing. I encourage people to consider it.
Posted on 12/27/23 at 7:01 pm to slackster
quote:
It’s truly insane when you realize Ballmer was the worst CEO in the company’s history. Microsoft went his entire tenure without setting an all time high.
Ignoring that he is legitimately insane, he has been publicly loud wrong on the future of technology/personal computing every step of the way.
He was just really lucky that he had the funds when Gates and Allen needed the startup cash and he has just kinda coasted off of that ever since.
Looking back, they actually downplayed his eccentricities with his portrayal in Pirates of Silicon Valley.
Posted on 12/27/23 at 7:05 pm to TigerintheNO
DEVELOPERS!
Posted on 12/27/23 at 7:08 pm to shel311
quote:
I don't really understand giving that much money to shareholders, sure seems they'd be better putting that to use back in the company, no?
As an investor, you have to decide whether you want to own a company that pays dividends and whether the dividends are a good use of company cash. It's different from company to company and companies that pay dividends are generally not expected to grow as much as companies that don't.
Microsoft is paying around 22% of their net income back as dividends and with the amount of cash they generate that gives them enough to reinvest in the company.
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