Why you should pay attention to Microsoft
Microsoft is a giant in the tech industry, and it goes without saying.
Microsoft stands out as a great dividend stock. When a company is providing dividends regularly to its investors, the stock is known as a dividend stock. If the company is thriving in the business, the investor who has purchased stocks of the said company would be able to gain a considerable amount of funds.
Right now, the tech giant Microsoft is already in the dividend stock territory.
Going by the ticker symbol, MSFT, Microsoft’s stock has soared 34.77% from January to October in 2019, according to Market Realist. The share price in January rose up to $101.12 and it was at $136.28 on October 3. On October 3 alone, the ascension of Microsoft stocks was 1.21%. Not to mention, the stock has succeeded in outperforming the S&P 500 year-to-date. Investors who made the decision to purchase Microsoft stocks and held onto them since the start of 2019 would have most probably earned a considerable amount of funds.
Microsoft is set to release its fiscal 2020 first-quarter earnings results at the end of this month.
The current CEO of the company, Satya Nadella, has a clear vision and as a result, he was able to take the company towards success. Microsoft managed to increase its dividends by over 50% over the last 5 years, and due to Nadella’s leadership, the company is having a solid foundation.
(Reference: The Motley Fool, Market Realist)