Microsoft Just Raised Its Dividend by 8%: Is It the Best Magnificent Seven Dividend to Own?
The company may already have bottomed out from its most recent sell-off.
Overview
Microsoft (NASDAQ:MSFT) has lagged the broader market over the past 12 months, as some investors fear that the artificial intelligence (AI) revolution will eventually decrease demand for the company's services. However, there are still many things to like about the tech leader, including its dividend program. In fact, Microsoft recently announced it was raising its dividend by 8%. How does the company's income program compare to those of its similarly-sized peers that are members of the Magnificent Seven? Let's find out.
Image source: The Motley Fool.
On Sept. 15, Microsoft announced that it was increasing its quarterly dividend per share to $0.98. It's worth noting that even before this increase, the company's dividend was much higher than the average for the Magnificent Seven members with dividend programs, including Meta Platforms, Apple, Alphabet, and Nvidia.
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Originally published at www.fool.com.