From Nasdaq: 2024-04-30 04:06:00

Wall Street bulls are pushing the Dow, S&P 500, and Nasdaq to record highs. The Magnificent Seven, including Microsoft, Apple, and Amazon, are leading the charge with their competitive advantages. Five of the Seven now pay dividends to their shareholders, making them even more attractive investments. Amazon may soon join the dividend-paying club, following in the footsteps of Meta Platforms and Alphabet. With Amazon’s strong balance sheet and cash-generating segments, the company has the potential to become a new income stock among the Magnificent Seven. Investors are eager to see if Amazon will announce a dividend payment after reporting its first-quarter operating results. The company’s robust cash flow from ancillary segments like AWS and advertising services could support a dividend in the near future. Considering the track record of other Magnificent Seven companies like Microsoft and Apple, Amazon has the financial strength to reward shareholders with a dividend.



Read more at Nasdaq: 5 of the “Magnificent Seven” Stocks Pay a Dividend. In Mere Hours, a New Member May Join the Club