This Tech Giant Just Raised Its Dividend by 10%
Dividends are rare in the tech world, and rarer still are head-turning payout raises. Microsoft (NASDAQ: MSFT) is a happy exception. The software giant in late September announced that it will soon start paying shareholders $0.68 per share each quarter for holding its stock. That translates into a $0.06, or 10%, raise.
Admittedly, the hike doesn't make Microsoft an especially attractive income investment. Shares are still yielding near 1% right now. But it does highlight some good reasons to like Microsoft stock today.
Let's dive right in.
Source Fool.com