Posted 3/10/2024, 9:03:00 AM
Microsoft, Starbucks, MPLX Poised to Boost Dividends in 2024 on Strong Growth and Cash Flow
- Microsoft, Starbucks, and MPLX appear likely to increase dividends in 2024 due to strong cash flow and growth prospects
- Microsoft has grown its dividend at a 10% annual rate over the past decade and has room for continued growth
- Starbucks aims to accelerate growth and anticipates 10-20%+ revenue and 15%+ earnings growth to support higher dividends
- MLPX has increased its distribution for over a decade, yields 8.4% currently, and financial capacity for another dividend hike
- All 3 companies have consistently grown dividends above average rates historically, making them compelling options for income investors
