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

Microsoft Corporation (MSFT.OQ) is projected to announce a 9.9% to 12.1% dividend increase in September, boosting its annualized payout to between $4.00 and $4.08 per share. This anticipated increase marks the technology giant's 25th consecutive year of dividend hikes, making the company eligible for official inclusion in the prestigious S&P 500 Dividend Aristocrats index. The forecast follows solid financial results in fiscal year 2026, where total revenue expanded 18% and GAAP EPS surged 32% to $17.95 per share. Top-line performance was driven by double-digit momentum across core business divisions: the Productivity and Business Processes unit expanded 16%, while the Intelligent Cloud division surged 30% on strong enterprise Azure demand. Despite aggressive ongoing capital expenditures directed into artificial intelligence infrastructure, Microsoft continues to support a 10% dividend compound annual growth rate. Beyond Microsoft, several other prominent dividend-paying companies are slated to announce payout hikes in September, including Accenture, Honeywell, Lockheed Martin, McDonald's, Philip Morris International, and RPM International, reinforcing continuous capital return trends.