Microsoft Boosts Its Dividend Again. Here's How High the Payout Could Get Over the Next 20 Years
Microsoft (NASDAQ: MSFT) isn't a stock that dividend investors would normally select based on its yield. After all, at less than 1%, it's a below-average payout. Most investors target it for its growth prospects as it isn't all that exciting as an income-generating investment at the moment. But given its strong financials and its consistently increasing payouts in recent years, Microsoft could make for a viable dividend stock in the long run.
The company raised its dividend recently, and more rate hikes could be coming. Here's a look at how much annual dividend income Microsoft stock could generate for you in the future.
On Sept. 19, Microsoft announced it would be increasing its quarterly per-share dividend to $0.75, a 10% increase from its most recent payment of $0.68 a share. This bump-up would apply to the first quarterly payment of fiscal 2024. It's a relatively high rate of increase, but it's not uncommon for the tech company. Here's a look at Microsoft's annual dividend hike percentages over the past 10 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 6.41% for Microsoft Corp. compared to the current price of 394.7 €.
