3 Stocks Ready for Dividend Hikes in 2024
This year has been a great one for dividend investors. Countless companies have already increased their payouts, with many hiking them by 10% or more. Several others will likely give their investors a big raise this year.
(NASDAQ: MSFT), Starbucks (NASDAQ: SBUX), and MPLX (NYSE: MPLX) appear poised to hike their payouts in 2024. Here's why that makes them appealing options for dividend growth investors.
Microsoft might not offer a big dividend yield (it's currently around 0.8%). However, the tech titan has done an exceptional job of growing its payout over the years. It has grown its dividend at around a 10% compound annual rate over the past 10 years, including giving investors a 10% raise last September. At its current 10% compound annual growth rate, Microsoft's dividend will double every seven years.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 9.95% for Microsoft Corp. compared to the current price of 382.0 €.
