Image Source: Microsoft
By Valuentum Analysts
Microsoft (MSFT) has been the quintessential Valuentum dividend growth stock for nearly a decade now, and the company announced that it has raised its dividend ~11%, to $0.62 per share on a quarterly basis, good enough for a forward yield of 0.82%. The company also approved a new share repurchase program in the amount of $60 billion.
We continue to like Microsoft as an idea in both the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio. We value shares at $360 each at the high end of our fair value estimate range and believe Microsoft may be one of the best dividend growth stocks this decade. The September edition of the Best Ideas Newsletter portfolio is scheduled for release later this evening.
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Some of the other companies written about in this article may be included in Valuentum’s simulated newsletter portfolios. Contact Valuentum for more information about its editorial policies.