3 Stocks Ready for Dividend Hikes in 2024
This year has been a great one for dividend investors. Countless companies have already increased their payouts, with many hiking them by 10% or more. Several others will likely give their investors a big raise this year.
(NASDAQ: MSFT), Starbucks (NASDAQ: SBUX), and MPLX (NYSE: MPLX) appear poised to hike their payouts in 2024. Here's why that makes them appealing options for dividend growth investors.
Microsoft might not offer a big dividend yield (it's currently around 0.8%). However, the tech titan has done an exceptional job of growing its payout over the years. It has grown its dividend at around a 10% compound annual rate over the past 10 years, including giving investors a 10% raise last September. At its current 10% compound annual growth rate, Microsoft's dividend will double every seven years.
Source Fool.com
Microsoft Corp. Stock
With 98 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 406 € shows a slightly positive potential of 5.47% compared to the current price of 384.95 € for Microsoft Corp..
