Microsoft Set for 24th Consecutive Year of Dividend Growth

Microsoft is set to announce its 24th consecutive year of dividend growth in September, with a projected increase of 10-12%. The company's strong revenue and earnings per share (EPS) growth have driven this boost. Microsoft's Productivity and Intelligent Cloud segments saw significant revenue growth, rising by 16% and 30% respectively.

The firm's investments in artificial intelligence (AI) have not compromised its dividend growth rate, which remains near 10% over the past three and five years. In September, Texas Instruments and Lockheed Martin are also expected to announce double-digit dividend increases.