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

The best Apple headphones…

There are several Apple headphones and earphones that cover a variety of use cases. Here's what students and their parents should look at when buying personal audio accessories for the

Onyx Boox Tab Ultra C e-i…

The Boox Tab Ultra C e-ink tablet by Onyx offers a range of features and functionality that make it a commendable device in the e-reader market — if you don't

Best Buy expands Upgrade …

and M2 iPad Pros aren’t cheap, but Best Buy still wants your money. To make Apple’s top-of-the-line hardware more affordable, Best Buy is expanding its Upgrade Plus leasing program to

Report: Apple to start se…

Update: Gurman today tweeted that Apple retail stores have been instructed to destroy materials, indicating the rollout of Ted Lasso merch has been delayed or cancelled altogether. However, the Apple

How to get started using …

Apple's annual Worldwide Developer Conference will be held in 2023 the week of June 5. Here's how to use Apple's Developer app on iPhone to access WWDC content.Apple's Developer app

All-in-one PDF Editor for…

For years, editing a PDF wasn't easy and required pricey software, at least until UPDF. This PDF editor for Mac can convert, encrypt, sign, organize, and otherwise edit PDFs across

Apple Publishes First-Eve…

Apple today published an inaugural App Store Transparency Report, something that the company agreed to provide to developers as part of a 2021 lawsuit settlement. Under the terms of the

How will Apple’s co…

The tech industry is dynamic and ever-changing, with companies constantly striving to stay ahead of the curve. Apple, a giant in the tech world, has consistently set benchmarks for innovation
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.