Need More Income? These 4 Dividend Stocks Just Raised Their Payouts Again.

Inflation is driving up the cost of almost everything. That's eating into the purchasing power of your income, and that means most people need to find ways to increase their income. One strategy is to invest in companies that pay growing dividends. That rising income stream can help offset the impact of inflation by increasing your purchasing power. Here are four stocks that recently gave investors a raise.

 (NASDAQ: MSFT) recently gave its investors a 10% raise, boosting its quarterly dividend payment by $0.07 per share to $0.75 ($3.00 annualized). That marked the tech titan's 19th straight year of dividend increases

On the one hand, Microsoft's current dividend yield might not appeal to income-seeking investors since it's currently less than 1% even after the increase. However, Microsoft's payout is on an extremely sound financial foundation. It's one of two companies with an AAA bond rating. The technology company has a cash-rich balance sheet and generates massive amounts of free cash flow. That allows it to invest in growing its business while paying a steadily rising dividend. Microsoft has strong growth prospects, driven by its pending acquisition of video game company Activision and AI-related growth powered by its investment in OpenAI. These factors should enable Microsoft to continue increasing its dividend at a healthy rate in the coming years.

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Source Fool.com