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Top 10 Dow Dividend Stocks for January

These Dow dividend stocks are leading the way this month

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Dow Dividend Stocks: #10: Microsoft (MSFT)

best-dividend-stocks-msft-stockDividend Yield: 3%
YTD Performance: -1.6% (Dow -4.2%)
52-Week Return: +32% (Dow +16.3%)

Microsoft (MSFT) upped its dividend to 28 cents per share back in November — an increase of 12% over the previous payout — and the 3.04% dividend yield has helped the company solidify a spot on our list of Dow dividend stocks.

MSFT stock consolidated a bit to start the new year and is now up slightly more than 1% in 2014, even after the pop it got from last week’s earnings report. MSFT reported a 14% increase in revenue to $24.5 billion and net income of $6.56 billion, or 78 cents per share, beating analyst expectations

The numbers were helped in part by sales of the company’s Surface tablets and the Xbox One gaming console. A total of 3.9 million Xbox One consoles were sold to retail stores in the quarter, and it’s notable that MSFT also shipped out 3.5 million units of their previous-generation Xbox 360 consoles. Additionally, revenue from its tablets more than doubled over the previous quarter to $893 million from $400 million.

Yes, MSFT stock gapped up last week, but you can still expect more upside surprises from MSFT. They are still on course to buy Nokia’s (NOK) phone business — a move that could send the stock much higher — and don’t forget about the payouts you’ll be collecting along the way.

Article printed from InvestorPlace Media, http://investorplace.com/2014/01/dow-dividend-stocks-t/.

©2016 InvestorPlace Media, LLC

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