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Gates, others to see gains from Microsoft dividend

Time: 10:10 EST/15:10 GMT | News Source: InfoWorld | Posted By: Robert Stein

The same proxy said Chief Executive Officer Steve Ballmer held 235.5 million common shares, worth $37.7 million in post-split annual dividend payments under the dividend plan. The company's 29 executive officers and directors, the proxy said, held a total 898.1 million shares, which would carry a post-split dividend payment of $143.7 million. On Jan. 7, President Bush unveiled an economic stimulus plan that included a provision abolishing the investor tax on dividends. Democrats have countered that 25 percent of the tax break would go to people who make more than $1 million a year.

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