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re: Clipper's owner Ballmer is set to make $1 billion annually from Microsoft dividends

Posted on 12/28/23 at 7:01 am to
Posted by SuperOcean
Member since Jun 2022
3282 posts
Posted on 12/28/23 at 7:01 am to
So... If he still owns 332,000,000 shares, then that would mean his net worth (just im msft) is right at 125 billion (msft is trading @ $374) and he's ONLY getting a billion off that?
This post was edited on 12/28/23 at 7:02 am
Posted by notbilly
alter
Member since Sep 2015
4686 posts
Posted on 12/28/23 at 7:12 am to
quote:

This comes after the tech giant boosted its quarterly dividend payout to 75 cents a share, or $3 a share annually.



This is great news. I have over 17 shares MSFT. I'm going to be making dozens a year. If you combine us, Ballmer and I are worth about almost $112 Billion.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111101 posts
Posted on 12/28/23 at 8:47 am to
quote:

Sorry but you’re a moron… there wouldn’t be shareholders if they didn’t get rewarded
First, people's aren't morons for asking questions about shite they don't know about. That's called learning. Apparently you're too stupid to understand how learning works, so congrats on being that stupid.

Second, Amazon, Google and Berkshire Hathaway all don't pay dividends but again, you're too stupid to try and learn a little so you thought you knew something, called me a moron, and turns out you didn't know what you were talking about. Crazy how those companies have shareholders since you told us they wouldn't without paying dividends.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111101 posts
Posted on 12/28/23 at 8:47 am to
quote:

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.
But not every company does.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111101 posts
Posted on 12/28/23 at 8:49 am to
quote:

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.
Thanks, this is a good breakdown.

And fightingtigers98 had a similar breakdown, thanks to both of you
Posted by Wally Sparks
Atlanta
Member since Feb 2013
29226 posts
Posted on 12/28/23 at 9:34 am to
quote:

and he's ONLY getting a billion off that?


That's just from dividend payments, if he sold the stock he'd get far more.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111101 posts
Posted on 12/28/23 at 9:55 am to
quote:

So... If he still owns 332,000,000 shares, then that would mean his net worth (just im msft) is right at 125 billion (msft is trading @ $374) and he's ONLY getting a billion off that?
A billion AND he'll still own 332,000,000 shares.
Posted by S
RIP Wayde
Member since Jan 2007
155822 posts
Posted on 12/28/23 at 9:59 am to
These futuristic spaceship looking stadiums are awful
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33794 posts
Posted on 12/28/23 at 10:35 am to
quote:

Lakers are not only the B team but the poor team



Sure, Clippers with their zero NBA championships are the "A team."
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41228 posts
Posted on 12/28/23 at 11:54 am to
quote:

Warren Buffet doesn’t believe in dividends.


Buffet will collect more than $6 billion in dividends in 2024.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74082 posts
Posted on 12/28/23 at 12:08 pm to
Oh look our bitter resident Laker fan having issues with reality

Shocking
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 12/28/23 at 12:23 pm to
quote:

I believe it's $2.79 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?

It’s 2.79 for the year. Microsoft pays a 0.8% dividend yield. Which means they’re paying relatively shite compared to comparably sized companies in terms of how much money they give to shareholders as dividends. It’s a growth stock, not a dividend stock. Microsoft is worth $2.8 TRILLION right now, $25 billion is chump change for them. This is another case of people not understanding how things work, and stupid journalists just capitalize on shock value to try and rile poor people up
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 12/28/23 at 12:28 pm to
To put this into perspective for all the financial idiots - Ballmer is making $1B pre-tax (which he’ll pay 65%+ on) as a dividend return on $112B in Microsoft stock investments. That’s several times below a high yield savings account return, much less actual inflation. If the stock didn’t grow at all, he’d be losing his arse to inflation on that stock. This dividend is chump change for him
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38410 posts
Posted on 12/28/23 at 12:29 pm to
Almost as bad as Warren Douglas Stadium.
Posted by RummelTiger
Texas
Member since Aug 2004
89925 posts
Posted on 12/28/23 at 12:35 pm to
quote:

But not every company does.


Okay...and?
Posted by olemc999
At a blackjack table
Member since Oct 2010
13296 posts
Posted on 12/28/23 at 1:35 pm to
Ole baw could pay that luxury tax every year and have rangz and trophies galore.
Posted by Basura Blanco
Member since Dec 2011
8274 posts
Posted on 12/28/23 at 2:00 pm to
quote:

He was just Bill and Paul's rich friend.


When you are employee number 30, the rich part is kind of important. The guy might be the worst CEO in their history, but he did get in on the ground floor.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111101 posts
Posted on 12/28/23 at 4:15 pm to
quote:

Okay...and?
Not sure why I have to walk you through something so obvious but...that means not every company will "ABSOfrickINGLUTELY give that much to your shareholders"


Posted by Broski
Member since Jun 2011
71187 posts
Posted on 12/28/23 at 4:20 pm to
quote:

When you are employee number 30, the rich part is kind of important.


Agreed, I'm not saying it isn't.

I'm just laughing at Ballmer trying to justify his time at CEO in this thread.

Steve Jobs didn't know much about tech either, but he knew what he and, by extension, the public wanted in personal computing. Ballmer's foresight was the exact opposite and it's a big reason why Microsoft stalled from an innovation standpoint.
Posted by lynxcat
Member since Jan 2008
24184 posts
Posted on 12/28/23 at 4:23 pm to
quote:

Ballmer is making $1B pre-tax (which he’ll pay 65%+ on) as a dividend return


He most definitely will not be paying a 65%+ tax rate.
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