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

LiveSurface is a fast and…

Designers can create realistic mock-ups in many ways, but these methods are not always simple or fast. What if you could just drop your artwork files into a scene or

How to copy your Photos l…

Macworld The Photos library used in macOS acts like a file when it’s actually a package, a special macOS container for holding many objects together. This prevents us from accidentally

Big Tech is already warni…

Illustration by Alex Castro / The Verge So Apple has restricted the use of OpenAI’s ChatGPT and Microsoft’s Copilot, The Wall Street Journal reports. ChatGPT has been on the ban

APPL $3T valuation isn’t …

We’ve been keeping a close eye on the ticker tape (ok, the Stocks app) as it seems that any day now could see a milestone APPL $3T valuation. But as

The History of the Apple …

The year 2020 marked the dawn of a new decade for Apple, one brimming with ambition and shrouded in secrecy. While the company continued to refine its established product lines

Everything we know about …

Illustration: Kristen Radtke / The Verge Apple is rumored to be announcing its long-rumored virtual and augmented reality headset at WWDC 2023. Here’s a timeline of all the details that

Apple’s diversity g…

Despite Apple's push for more diversity and inclusion in its workspace, a new report from the Communications Workers of America indicates the company may still be falling short.Apple Towson Town

Enter to win a stylish Ma…

We teamed up with SwitchEasy, maker of one of the finest MacBook cases around, to give away a pair of SwitchEasy Urban MacBook Sleeves. (via Cult of Mac - Tech
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.