Microsoft is ranked above average for dividend investors, currently oversold with potential buying opportunity.

From Nasdaq: 2024-08-02 11:45:44

The DividendRank formula at Dividend Channel ranks dividend stocks based on strong fundamentals and inexpensive valuation. Microsoft (MSFT) is currently ranked above average, making it a top “interesting” idea for investors to research further. The stock entered oversold territory, with an RSI of 28.4, offering a potential buying opportunity for dividend investors.

With Microsoft’s RSI at 28.4, indicating potential for heavy selling exhaustion, investors may consider entry points on the buy side. Checking the stock’s dividend history can help assess future dividends. The current annualized dividend of $3/share offers a yield of 0.72% at the recent $417.11 share price, making it an attractive option for dividend investors seeking higher yield.

For more oversold dividend stocks like MSFT, visit the link provided. Additionally, explore Electric Utilities Dividend Stocks, Institutional Holders of CTS, and DASH market cap history for further investment insights and opportunities. The author’s views and opinions expressed may not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Microsoft is Oversold | Nasdaq