Microsoft announced last Thursday that, as a result of dividend taxation changes contained within President Bush's recently unveiled stimulus plan, it will be issuing its first ever annual dividend on March 7.
According to reports, the payout of 16 cents per share on record as of February 21 will mean a huge potentially tax-free windfall for those at the top of the organisation, such as company chairman, Bill Gates, and CEO Steve Ballmer.
Citing figures from Microsoft's latest proxy statement, CNet News revealed on Friday that Mr Gates currently owns around 621 million shares (or 11.6% of the company), which will earn him a dividend payout of approximately $99.48 million, if the stimulus plan is passed by Congress.
Mr Ballmer, with around 235 million Microsoft shares, stands to gain around $37.68 million per year as a result of the removal of personal income tax on dividend income.
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