Microsoft Corporation (NASDAQ:MSFT) will release earnings results for the first quarter, after the closing bell on Wednesday.

Analysts expect the company to report quarterly earnings at $3.66 per share, up from $3.30 per share in the year-ago period. The consensus estimate for Microsoft's quarterly revenue is $75.39 billion, compared to $65.58 billion a year earlier, according to data from Benzinga Pro.

Microsoft signed a new definitive agreement with OpenAI to support OpenAI's formation as a public benefit corporation (PBC). Following the recapitalization, Microsoft will hold a stake of approximately 27% in OpenAI Group PBC valued at approximately $135 billion.

With the recent buzz around Microsoft, some investors may be eyeing potential gains from the company's dividends too. As of now, Microsoft offers an annual dividend yield of 0.67%, which is ...