Technology Sector Ideas

[gfp927z]

Microsoft - >>>Technology industry leader Microsoft (NASDAQ:MSFT) has several reliable revenue generators, which is a boon for income investors. Its Windows computer operating system continues to produce sizable profits. Its massively popular Office suite of productivity software is enjoying renewed growth due to the product's transition to a cloud-based delivery model.

Microsoft's Azure cloud infrastructure business is expanding at a brisk clip, and LinkedIn, which Microsoft owns, is also growing rapidly. Add to this its popular Xbox gaming platform, and the company's income will likely continue to grow in the coming years. In 2022, Microsoft agreed to buy game maker Activision Blizzard (NASDAQ:ATVI) to bolster its gaming platform.

Microsoft is one of the largest dividend payers, distributing $18 billion to its shareholders in 2022. Although its current dividend yield is somewhat modest at roughly 1%, it's growing quickly. The company boosted its dividend by 10% in 2022, the 20th consecutive year it has raised its payout. Its track record makes Microsoft a great option for those seeking an income stock with dividend growth potential.

<<<


https://www.fool.com/investing/stock-market/types-of-stocks/income-stocks/


---