Microsoft MSFT Stock Price on October 19, 1987 After the 1987 Stock Market Crash
When Microsoft (Stock Symbol: MSFT) went public and launched its initial public offering (IPO) in 1986, the opening stock price was $21.00 per share after the trading day, the price closed at $27.75 per share. As of July 2010, with the company’s nine stock splits, any IPO shares would be multiplied by 288 and if one was to buy the IPO today given the splits and other factors, it would cost about 9 cents per share.
The stock price peaked in 1999 at around $119.00 per share ($60.928 adjusting for splits). The company began to offer a dividend on January 16, 2003, starting at eight cents per share for the fiscal year followed by a dividend of sixteen cents per share the subsequent year, switching from yearly to quarterly dividends in 2005 with eight cents a share per quarter and a special one-time payout of three dollars per share for the second quarter of the fiscal year. Though the company had subsequent increases in dividend payouts, the price of Microsoft’s stock remained steady for years.
Microsoft stock crashed on October 19, 1987 and its stock closed at $45.25 — down $16.25 (-26.4%) per share on the day. If you bought just 1 share of Microsoft on that day, you would currently own 144 shares and it would be worth $4,356.00 adjusted for stock splits as of August 23, 2012.
Microsoft Corporation develops, licenses, and supports a range of software products and services; and designs and sells hardware worldwide. The company’s Windows & Windows Live division offers PC operating system that primarily includes Windows 7 operating system, Windows live suite of applications and Web services, and PC hardware products.
Its Server and Tools division provides Windows Server operating systems, Windows Azure; Microsoft SQL Server, SQL Azure, Windows Intune, Windows Embedded, Visual Studio, Silverlight, system center products, Microsoft consulting services, and Premier product support services. This division also offers cloud-based services; and training and certification to developers and information technology professionals, as well as builds standalone and software development lifecycle tools for software architects, developers, testers, and project managers.
The company’s Online Services division provides online information and content, including Bing, MSN, adCenter, and Atlas online tools for advertisers.
Its Microsoft Business division offers Microsoft office, Microsoft Exchange, Microsoft SharePoint, Microsoft Lync, Microsoft Office project and office Visio, and Microsoft Dynamics ERP and CRM, as well as Microsoft Office Web Apps and Microsoft Office 365, which are online service offerings.
The company’s Entertainment and Devices Division segment provides Xbox 360 entertainment platform, which includes the Xbox 360 gaming and entertainment console, Kinect for Xbox 360, Xbox 360 video games, and Xbox 360 accessories; Xbox LIVE; Skype; and Windows Phone. Microsoft Corporation markets and distributes its products and services primarily through original equipment manufacturers, distributors, and resellers, as well as through online.
The company has strategic alliance with Nokia for developing mobile products and services. Microsoft Corporation was founded in 1975 and is based in Redmond, Washington.