5 Cash-Rich Dividend Stocks To Buy Now

3. Microsoft Corporation (NASDAQ:MSFT)

Number Of Hedge Fund Holders: 269

Dividend Yield As Of January 20: 1.13%

Market Capitalization: $1.80 trillion

Enterprise Value (EV): $1.73 trillion

Microsoft Corporation (NASDAQ:MSFT) is an American multinational technology corporation that develops, licenses, and supports software, services, devices, and solutions worldwide. Microsoft has upped its dividend for 20 consecutive years. As of January 20, the company has a dividend yield of 1.13%.

At the end of the third quarter of 2022, 269 hedge funds in the database of Insider Monkey held stakes worth $61.2 billion in Microsoft Corporation (NASDAQ:MSFT), compared to 258 in the previous quarter worth $56 billion. Bill & Melinda Gates Foundation Trust held the biggest stake in Microsoft Corporation (NASDAQ:MSFT) at the end of Q3 2022.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Shares of Microsoft Corporation (NASDAQ:MSFT), a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…).