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Here's Why Microsoft Stock Was Up 11% in June

TheMotleyFool

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Here's Why Microsoft Stock Was Up 11% in June

Shares of Microsoft Corporation (NASDAQ: MSFT) increased another 11.1% in June, according to data provided by S&P Global Market Intelligence. On June 17, the company declared a regular quarterly dividend, a reminder its business is still thriving even during tough economic times.

With investments in personal computers, cloud, and video games, Microsoft continued to excel even while people were sheltering at home during the coronavirus pandemic. Unsurprisingly, its stock has greatly outperformed the S&P 500 during this time and over the past year.