Microsoft and major corporations announce dividend increases

Several major corporations have announced dividend increases or notable market activity. Microsoft raised its quarterly dividend by 7.7% to 98 cents per share, following a period of accelerated growth in its Azure segment, which saw a 43% year-over-year increase.

In the banking sector, U.S. Bancorp increased its quarterly dividend by 3.9% to 54 cents per share after reporting record net revenue of $7.7 billion. Additionally, Lamar Advertising boosted its quarterly dividend by 3.1% to $1.65 per share and is reportedly considering a special dividend.

In the fitness and wellness industry, several stocks have seen high trading volumes, including Garmin, Planet Fitness, Life Time Group, Peloton Interactive, Xponential Fitness, Beachbody, and Fitness Champs.