Shares of Microsoft (NASDAQ: MSFT) climbed 4.3% on Wednesday, after analysts raised the specter of an imminent dividend increase.
Morgan Stanley analyst Keith Weiss reiterated his "overweight" rating on Microsoft's stock and boosted his price forecast from $230 to $245. Weiss expects the tech giant to raise its dividend by 10% later in September. He also noted that Microsoft can afford to increase its cash payout to investors even more, thanks to its strong profit growth.
Microsoft's shareholders may have larger cash dividends headed their way. Image source: Getty Images.
Source Fool.com