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7 Cash-Rich Stocks to Buy: Microsoft (MSFT)
Total Cash & Short-Term Investments: $95 billion
Apple isn’t the only company that’s been flush with cash for years on end.
Annually gracing the list of companies with the most cash on hand, Microsoft (MSFT) had $95.4 billion in cash and short-term investments and just more than $12 billion in additional long-term investments at the end of its most recent quarter.
When you’ve got over $100 billion in the bank, investors are prone to ask, “Whatcha gonna do with all that cash, all that cash up in them banks?”
Microsoft’s simply giving those Benjamins back to its shareholders. It pays out $1.24 a year in dividends, and for the past 11 years that number has been rising. As of now, the MSFT dividend yield sits at 2.7%.
But when you’re Microsoft-rich, even shoveling out tens of billions of dollars each year in dividends can’t bleed you dry: Rumors are swirling that MSFT could be in the running to buy Salesforce.com (CRM), the cloud-based leader in customer relationship management.
Source: Investor Place