Microsoft Boosts Dividend for 24th Consecutive Year Amid Strong Revenue Growth

Microsoft is set to raise its dividend by 10-12%, marking its 24th consecutive year of dividend growth. This increase is supported by strong revenue gains in its Productivity and Intelligent Cloud segments, which grew 16% and 30% respectively.

This comes as the company continues to invest heavily in AI, with Microsoft maintaining a near 10% compounded dividend growth rate over the past 3-5 years.

The dividend raise is expected to be announced soon, potentially qualifying Microsoft for the S&P 500 Dividend Aristocrat index. Other companies like Texas Instruments, Lockheed Martin, McDonald's, and RPM are also expected to announce significant dividend raises in the same period.