Amazon has just announced a huge surge in profits. Microsoft has reported record results and just topped $US1 trillion in market cap.
Why? Because dividends are fundamentally what drives the stock market, and if Big Tech could start to rival Big Oil and Big Pharma in paying billions to investors that will power the next leg of the bull market.The major technology companies have always grown rapidly. As they move into their second or third decade, they are starting to do something else as well. Make some money.
At a certain point, companies that make big profits are going to take the next obvious step. Start sharing some of that with their shareholders. Inevitably that takes a while. The important point, however, is this. It probably doesn't matter that much whether it is this year or next. At some point, these companies are all going to start paying something.
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