Microsoft's Artificial Intelligence Play Boosts Dividend by 151%

Microsoft, a tech giant and major player in artificial intelligence (AI), has become a top dividend growth stock in recent years. The company recently raised its payout for the tenth time in a decade, with a current quarterly payment of $0.98 per share.

This represents a 151% increase from a decade ago, when the company paid out just $0.39 per share.

Despite having a relatively low dividend yield of 0.8%, investors may be overlooking Microsoft due to its significant price gains over the years.