5 Stocks with Over 10 Years of Dividend Increases

1. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 251
Number of Years of Consecutive Dividend Increases: 19
Dividend Yield: 0.8%

Microsoft Corporation (NASDAQ: MSFT) operates in the Systems Software industry to provide software, services, and solutions across the globe. The company offers support and Microsoft consulting services for consumers looking to develop and manage Microsoft server and desktop solutions, and it ranks 1st on our list of stocks with other 10 years of dividend increases.

Brad Reback from Stifel has raised his price target on Microsoft Corporation (NASDAQ: MSFT) shares from $285 to $305 this July. Reback has also held onto his Buy rating on the stock while commenting that Microsoft Corporation (NASDAQ: MSFT) will likely outperform expectations on Wall Street.

In the fiscal third quarter of 2021, Microsoft Corporation (NASDAQ: MSFT) had an EPS of $1.95, beating estimates by $0.17. The company’s revenue was $41.71 billion, up 19.09% year over year and beating estimates by $852.09 million. Microsoft Corporation (NASDAQ: MSFT) has also gained about 24.54% in the past 6 months and 29.27% year to date.

By the end of the first quarter of 2021, 251 hedge funds out of the 866 tracked by Insider Monkey held stakes in Microsoft Corporation (NASDAQ: MSFT) worth roughly $58.9 billion. This is compared to 258 hedge funds in the previous quarter with stakes worth approximately $52.8 billion.

You can also take a peek at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management.

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