Microsoft Among 14 Dividend Growth Companies To Announce Annual Dividend Increases In September

Harvesting Dividends 3.66K Followers Follow Summary Microsoft is projected to announce a 10–12% dividend increase, driven by robust revenue and EPS growth, reaching 24 consecutive years of payout hikes. MSFT's Productivity and Intelligent Cloud segments delivered 16% and 30% revenue growth, offsetting weakness in More Personal Computing. Despite heavy AI investments, MSFT maintains a compounded dividend growth rate near 10% over 3 and 5 years. September will also see anticipated double-digit dividend increases from Texas Instruments and Lockheed Martin, and milestone boosts from McDonald's and RPM. Microsoft 365 subscriptions have helped drive earnings growth at Microsoft. The company should announce its 25th year of dividend growth in September, making it eligible for inclusion in the S&P 500 Dividend Aristocrat index. NoDerog/iStock Unreleased via Getty Images This article was written by Harvesting Dividends 3.66K Followers Follow I'm an individual investor looking to grow my wealth over the long term. I've tried many different styles of investing over the last 25 years and have found that buying dividend growth stocks and reinvesting the dividends is one of the easiest ways to grow wealth over the long term. Over the years, I've owned stocks, options, ETFs, treasury notes, and mutual funds. I operate a blog, HarvestingDividends.com, that provides information on the S&P Dividend Aristocrats and other dividend growth stocks. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I may take positions in any of the stocks mentioned in this article in the near future. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.