Dow Dividend Stocks: #10: Microsoft (MSFT)
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.