The management of all three companies claims that they are in the process of evolving their business models, making all three companies potentially attractive turnaround investments. Let’s take a closer look to see how these turnarounds are really progressing, to see just which of these dividend growth blue chips, if any, are worth investing in today. Microsoft: Azure Fueled Growth Remains Red Hot Sources: Microsoft Earnings Release, Morningstar Metric Q2 2016 Q2 2017 YoY Change Adjusted Revenue $25.5 billion $26.1 billion 2.2% Net Income $6.1 billion $6.5 billion 6.0% Shares Outstanding 8.051 billion 7.83 billion -2.7% Adjusted EPS $0.76 $0.83 9.2% Free Cash Flow $3.6 billion $4.3 billion 20.5% FCF/Share $0.44 $0.55 23.9% Dividend $0.36 $0.39 8.6% Microsoft’s latest quarterly results show that the company’s growth turnaround is succeeding nicely. While top line revenue growth was anemic, the combination of cost cutting, higher operating margins, and aggressive buybacks resulted in impressive adjusted EPS growth. But more importantly, for dividend investors, the company’s free cash flow (FCF) soared. And on an FCF/share basis the results were simply amazing. This was courtesy of excellent growth along several fronts. Leading the charge was Microsoft’s cloud services offering Azure, which on a constant currency… Read full this story
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