Don’t own Apple stock for the dividends appeared first on MacDailyNews. Don’t own Apple stock for the dividends appeared first on MacDailyNews. Don’t own Apple stock for the dividends appeared first on MacDailyNews. Don’t own Apple stock for the dividends appeared first on MacDailyNews.
Concurrent with the second quarter of fiscal 2023 results published in early May, Apple declared a new quarterly payout of $0.24 per share. This dividend raise shook out to a

Concurrent with the second quarter of fiscal 2023 results published in early May, Apple declared a new quarterly payout of $0.24 per share. This dividend raise shook out to a 4% improvement on its $0.23 per share predecessor.

Apple logo

Eric Volkman for The Motley Fool:

All things being equal, [top dividend] stocks produce regular dividend income that yields at, or above, the average of a representative group of dividend payers. These days, the average yield of the S&P 500 index sits at just under 1.7%. It also helps greatly if the company enacts a dividend raise at least once every year.

The companies most readily identified with dividend stocks also tend to be well-established ones with modest growth but very strong and reliable free cash flow (FCF).

So does Apple fit this bill? Well, not entirely. That FCF sure is mighty… As for yield, that’s a different story. Strictly on that basis, Apple isn’t very impressive. Its yield is a rather light 0.6% these days, well under the aforementioned S&P 500 benchmark…

I’m an Apple stock owner myself, and for me, it’s never been about the dividend — and likely never will be. Instead, I’m excited about the numerous growth opportunities the tech giant has in front of it, and the payout is just a little sweetener in my eyes. I suggest you look at the stock the same way.

MacDailyNews Take: Apple is a growth stock. You own it for growth (and the current support of huge buybacks), not the dividend.

Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.

The post Don’t own Apple stock for the dividends appeared first on MacDailyNews.

original link


You may also be interested in this

Apple Seeds First Beta of…

Apple today seeded the first beta of an upcoming tvOS 17 beta to developers for testing purposes. Registered developers are able to download the tvOS 17 update by opting in

How to make AppleInsider …

You've long been able to turn any website into an app on your Mac, but with macOS Sonoma, Apple has made it so easy that you're going to do it.

Apple’s alien show Invasi…

Image: Apple The summer of sci-fi continues over on Apple TV Plus. Just as season 1 of Silo ends and a new season of Foundation is about to begin, Apple

Addigy: 25% of managed ma…

Addigy, a popular Apple device management solution, has just released its findings where 25% of managed macOS devices are in a “stuck state” for all mobile device management commands after

Best iOS apps for interna…

International travel can pose challenges, but these iOS apps can ease your troubles and enhance your experience.Roundup of iOS apps for international travelersTraveling overseas can open your eyes to new

How to recover Apple ID a…

Apple's standard data-safety practices, along with its new ultra-secure protection option, come with some risk if you forget your Apple ID password. Here's what to do if that happens.It might

Apple Watch widgets sound…

Glancing at notifications has always been a big part of the , but there’s a new kind of notification that isn’t really on the Apple Watch. Live Activities, the new

Best USB microphones for …

Find the the best USB microphones to record podcasts, voiceovers, or music that elevate your audio quality.Best USB microphones roundup Read more...
X

A whimsical homage to the days in black and white, celebrating the magic of Mac OS. Dress up your blog with retro, chunky-grade pixellated graphics to evoke some serious computer nostalgia. Supports a custom menu, custom header image, custom background, two footer widget areas, and a full-width page template. I updated Stuart Brown's 2011 masterpiece to meet the needs of the times, made it responsive , got dark mode, custom search widget and more.You can download it from tigaman.com, where you can also find more useful code snippets and plugins to get even more out of wordpress.