Few folks know it, but there’s a way to tap the surging AI trend for a growing 10% dividend. Better still, this monster “AI-powered payout” comes our way monthly.
That’s a far sight better than what most folks are doing these days: focusing on a handful of dividend paying blue chip tech stocks like Microsoft (MSFT).
There’s nothing wrong with Microsoft, of course. But it does yield just 0.8%, or about half what the typical S&P 500 stock pays. It makes up for some of that with a dividend that’s growing like a weed–up just shy of 200% in the last decade–but what if you want a decent yield now?
Well, that’s where the savvy 10%-paying AI play we’re going to break down today comes in. Its yield is more than 12 times what Microsoft pays.
This post originally appeared at Contrarian Outlook.