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2021-06-17

Yes!

Is Apple Stock Good For A Dividend Portfolio?

Summary Apple has been a great performer in the past and has raised its dividend reliably at an att

Is Apple Stock Good For A Dividend Portfolio?

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":161583910,"tweetId":"161583910","gmtCreate":1623934833930,"gmtModify":1634025691706,"author":{"id":3551841106527913,"idStr":"3551841106527913","authorId":3551841106527913,"authorIdStr":"3551841106527913","name":"hanrong","avatar":"https://static.tigerbbs.com/2fb2a89960bce28336c5be280346cff5","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Yes!</body></html>","htmlText":"<html><head></head><body>Yes!</body></html>","text":"Yes!","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/161583910","repostId":1162028530,"repostType":4,"repost":{"id":"1162028530","kind":"news","pubTimestamp":1623909532,"share":"https://ttm.financial/m/news/1162028530?lang=&edition=full","pubTime":"2021-06-17 13:58","market":"us","language":"en","title":"Is Apple Stock Good For A Dividend Portfolio?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162028530","media":"seekingalpha","summary":"Summary\n\nApple has been a great performer in the past and has raised its dividend reliably at an att","content":"Summary\n<ul>\n <li>Apple has been a great performer in the past and has raised its dividend reliably at an attractive pace of almost 10%.</li>\n <li>The current dividend yield is pretty low, but so is the dividend payout ratio. If management decides to put more emphasis on dividends, there would be room for growth.</li>\n <li>Due to its lowish yield, AAPL may not be suitable for most income investors. Those that prioritize dividend growth may still be happy with the stock, though.</li>\n <li>I do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.Learn More »</li>\n</ul>\n<img src=\"https://static.tigerbbs.com/e3603a10e6bbdb00e893249ee37b02fe\" tg-width=\"768\" tg-height=\"511\">marchmeena29/iStock via Getty Images\nArticle Thesis\nApple Inc. (AAPL) has been a great investment, generating strong long-term returns and also healthy gains during the current crisis. Its returns were primarily driven by share price gains, and Apple's shareholder return program is also focused on share price gains due to prioritizing buybacks over dividends. Nevertheless, with a very safe dividend payout and healthy dividend growth, Apple holds some merits still. If you prioritize thegrowthindividend growth investing, then Apple could very well be a solid holding, although this does not necessarily mean that right now is the best time to add shares.\nDoes Apple Pay Dividends?\nApple Inc. pays a dividend of $0.22 per share per quarter right now, with the most recent dividend payment being announced on April 28, 2021. The payment date for that dividend payment was May 13. Apple first started to make dividend payments in July 2012, around a time when Apple's free cash flows grew substantially, which made the company start its ambitious shareholder return programs. The first dividend payment was a $2.65 cash dividend, which equates to $0.09 when we account for the two stock splits that happened since then, a 7-for-1 split in 2014 and a 4-for-1 split in 2020. Over the last nine years, Apple's dividend has thus grown by 9.8% a year, on average.\nWhat Is Apple's Dividend Yield?\nApple's dividend yield, based on a share price of $130, is 0.7%. This is, by far, not the highest yield the company's shares have offered in their history:\n<img src=\"https://static.tigerbbs.com/173fe351d888f4cafb830bed9be3f6b9\" tg-width=\"635\" tg-height=\"403\">Data by YCharts\nAAPL offered a dividend yield of 2%+ at some points in its history. The steep decline in Apple's dividend yield over the last couple of years can be explained by the strong share price gains AAPL has experienced -- share price growth outpaced dividend increases, which is why the dividend yield has come down a lot over the recent past.\nHow Often Does Apple Pay Dividends?\nLike most US-based companies that pay dividends, Apple makes four dividend payments per year, which means that investors get a dividend payment every quarter. As stated above, the most recent dividend payment has been announced in late April, thus investors can expect that Apple will declare the next dividend payment towards the end of July. This dividend should get paid, if history is a guide, towards the middle of August, as there is usually a 2-week period between declaration and payment.\nApple raised its dividend with the dividend payment that was declared in April, which is in line with AAPL's history, as dividend increases in previous years were also announced in spring. Investors thus will likely have to wait until next spring to get another dividend increase, as three more payments should be made at the current level of $0.22 per share.\nIs Apple A Good Dividend Stock For 2021 And Beyond?\nThe answer to this question depends on what exactly your goals are for your portfolio, as well as what time horizon you have in mind, and so on.\nSomeone living off dividend income that needs a certain portfolio yield, for example of 3%, will likely not see Apple as a viable investment. Due to its below-average dividend yield, both relative to AAPL's history and relative to the broad market's yield, the income stream that investors will get from an investment in Apple at current prices isn't really that attractive. Many other stocks, including some tech stocks, offer significantly higher dividend yields and may thus be better suited for a portfolio that has the goal of generating income today to fit, for example, a retiree's needs.\nThere are, however, also investors that do not need a lot of income today, and that still like to invest in stocks that have a history of raising their dividends regularly. Certain dividend growth investors do reinvest all dividend proceeds anyway, as they are still in the accumulation phase of wealth-building. Depending on one's approach, these investors may either prioritize dividend growth, current dividend yield, or a mixture of both. Someone that prioritizes dividend yield will likely flock to the likes of Altria (MO), which offers a high yield with lower dividend growth and lower earnings per share growth. Someone that prioritizes dividend growth over a stock's current dividend yield may flock to companies that have a lower dividend yield today, but that have more potential to raise their dividend at a high pace for many years. This ability to raise dividends at a steep pace for a long period of time usually rests on two pillars, a low dividend payout ratio, and a strong earnings per share growth outlook.\nA low dividend payout ratio, e.g. Apple's dividend payout ratio of just 17% (based on 2021 EPS estimates), leaves a lot of room for dividend growth through increases in the payout ratio. Apple could, if management decides so, easily triple its payout ratio to 51%, which would, all else equal, lead to 200% dividend growth. This is, of course, not possible for a company like Altria, which has a payout ratio of around 80% already. When investing in a stock like Altria, investors know that dividend growth can only come from earnings per share growth, not from an increase in the dividend payout ratio.\nApple's dividend looks also very safe when we consider cash flows. During the last four quarters, Apple generated free cash flow of $5.27 per share (per YCharts), its cash dividend payout ratio is thus 16.7% -- this is, again, indicating that Apple's dividend is very safe and that there is a lot of room for increases in the payout ratio.\nEven when we back out a stock's potential to raise the dividend payout ratio, the dividend growth outlook is very different for different companies. Some companies are growing quickly and will likely grow at a strong pace for many years, e.g. NVIDIA (NVDA), while other companies have a more challenging growth outlook, where investors may be happy if the company manages to outgrow inflation. Some consumer goods companies, such as Coca-Cola (KO) and Colgate-Palmolive (CL), fit the latter group, as they have not shown meaningful revenue or earnings growth in recent years -- but the stocks still have their fans.\nAAPL belongs, I believe, to the stocks that have a very solid dividend growth outlook. The low dividend payout ratio could easily be raised if management ever decides to accelerate dividend growth, and thanks to a very healthy earnings per share growth outlook, Apple should be able to raise its dividend considerably even if the dividend payout ratio is held constant at the current level:\n<img src=\"https://static.tigerbbs.com/e3c6a0a84a6961be1a93720183a7bf34\" tg-width=\"635\" tg-height=\"453\">Data by YCharts\nAAPL is forecasted to grow its earnings per share by 3% in 2022 and 2023, respectively. This is, to be honest, not a great growth rate, but analysts also expect that earnings per share growth will accelerate to 13% a year in the long run. Estimates are sometimes a little too optimistic, but even if Apple's long-term EPS growth is a little lower than what analysts are forecasting right now, a high-single-digit to low-double-digit earnings per share growth rate seems achievable. Growth will stem from a combination of market growth (more people buy phones, wearables, and so on), price increases, growth for the services business, and the introduction of new products. The last point could become a quite meaningful growth driver, as Apple seeks to expand its position in health-focused hardware and services, while also coming out with its own&nbsp;car project&nbsp;towards the mid-2020s. Last but not least, Apple's buybacks also benefit AAPL's earnings per share growth, which is why I believe that a 7%-10% EPS growth rate seems very much achievable in the long run. It should be noted that tax law changes, e.g. a proposed tax treatment of buybacks that is equal to how dividends are taxed, could result in a marginally lower EPS growth rate due to reduced buyback activity. In that scenario, EPS growth might stay closer to the lower end of the indicated range, but even if tax laws change, this wouldn't have a dramatic effect on Apple's EPS growth, I believe.\nLet's assume that Apple grows its earnings per share by 8% a year over the next decade and that its dividend growth rate is held constant at 9.8% a year -- in line with AAPL's dividend growth over the last nine years. In that scenario, Apple's dividend payout ratio rises from 17% to 20% through 2031, which would still be a very low dividend payout ratio. The per-share dividend would rise to $0.56, for a dividend yield of 1.7% based on AAPL's current share price. If dividends are reinvested over those ten years, the dividend yield on cost rises to 1.8%. Is this attractive? You be the judge, but I think it isn't really outstanding.\nThere is, of course, the possibility that management eventually decides to raise the dividend payout ratio dramatically. At a payout ratio of 50%, based on our EPS estimate for 2031, Apple's dividend yield would be north of 4%, and north of 5% with dividends reinvested. That would be more attractive for sure, especially when such a yield comes from a healthy global leader with a strong moat, such as Apple. But this scenario, of course, only comes to fruition if management increases the payout ratio meaningfully. If, however, Apple's management decides to keep dividend growth more or less in line with EPS growth, then the low yield today prevents investors from receiving a very high yield on cost in the future.\nTo sum this section up, I'd say that Apple is not suitable for those that want a large income stream right now -- the current yield is just too low. For those that prioritize dividend growth and the potential for steep increases in the payout ratio, AAPL could be more suitable, although it is not an outrageously strong buy for those, either, I personally believe. Apple traded at a dividend yield of 1.5%-2% not too long ago, which would have made for a much better entry point. But today, with a yield of 0.7%, most of Apple's potential to generate returns for investors rests on future share price gains, as dividends will not have a very large impact. For a growth-focused dividend growth investor, that may still make for a solid choice, as share price gains are, of course, also a way to generate returns. But for a more traditional income approach, Apple seems not really suitable due to its lowish yield today. One should also consider the fact that its current valuation, at 25 times forward earnings, is above the historic valuation norm, which, again, indicates that right now may not be the best time to buy.\nThis does, of course, not mean that someone who holds shares that were purchased at another time has to sell these shares. If, for example, a dividend investor entered a position five years ago at a split-adjusted price of $24, the yield on cost on that investment is just shy of 4% today, and even above that level if dividends were reinvested along the way. If someone holds shares of Apple that were bought at a lower price that's great, but buying today may not be the best idea. Waiting for a lower valuation and a higher starting dividend yield could pay off in the long run.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple Stock Good For A Dividend Portfolio?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Apple Stock Good For A Dividend Portfolio?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 13:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435082-apple-stock-good-dividend-portfolio>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummary\n\nApple has been a great performer in the past and has raised its dividend reliably at an attractive pace of almost 10%.\nThe current dividend yield is pretty low, but so is the dividend payout ...\n\n<a href=\"https://seekingalpha.com/article/4435082-apple-stock-good-dividend-portfolio\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4435082-apple-stock-good-dividend-portfolio","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162028530","content_text":"Summary\n\nApple has been a great performer in the past and has raised its dividend reliably at an attractive pace of almost 10%.\nThe current dividend yield is pretty low, but so is the dividend payout ratio. If management decides to put more emphasis on dividends, there would be room for growth.\nDue to its lowish yield, AAPL may not be suitable for most income investors. Those that prioritize dividend growth may still be happy with the stock, though.\nI do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.Learn More »\n\nmarchmeena29/iStock via Getty Images\nArticle Thesis\nApple Inc. (AAPL) has been a great investment, generating strong long-term returns and also healthy gains during the current crisis. Its returns were primarily driven by share price gains, and Apple's shareholder return program is also focused on share price gains due to prioritizing buybacks over dividends. Nevertheless, with a very safe dividend payout and healthy dividend growth, Apple holds some merits still. If you prioritize thegrowthindividend growth investing, then Apple could very well be a solid holding, although this does not necessarily mean that right now is the best time to add shares.\nDoes Apple Pay Dividends?\nApple Inc. pays a dividend of $0.22 per share per quarter right now, with the most recent dividend payment being announced on April 28, 2021. The payment date for that dividend payment was May 13. Apple first started to make dividend payments in July 2012, around a time when Apple's free cash flows grew substantially, which made the company start its ambitious shareholder return programs. The first dividend payment was a $2.65 cash dividend, which equates to $0.09 when we account for the two stock splits that happened since then, a 7-for-1 split in 2014 and a 4-for-1 split in 2020. Over the last nine years, Apple's dividend has thus grown by 9.8% a year, on average.\nWhat Is Apple's Dividend Yield?\nApple's dividend yield, based on a share price of $130, is 0.7%. This is, by far, not the highest yield the company's shares have offered in their history:\nData by YCharts\nAAPL offered a dividend yield of 2%+ at some points in its history. The steep decline in Apple's dividend yield over the last couple of years can be explained by the strong share price gains AAPL has experienced -- share price growth outpaced dividend increases, which is why the dividend yield has come down a lot over the recent past.\nHow Often Does Apple Pay Dividends?\nLike most US-based companies that pay dividends, Apple makes four dividend payments per year, which means that investors get a dividend payment every quarter. As stated above, the most recent dividend payment has been announced in late April, thus investors can expect that Apple will declare the next dividend payment towards the end of July. This dividend should get paid, if history is a guide, towards the middle of August, as there is usually a 2-week period between declaration and payment.\nApple raised its dividend with the dividend payment that was declared in April, which is in line with AAPL's history, as dividend increases in previous years were also announced in spring. Investors thus will likely have to wait until next spring to get another dividend increase, as three more payments should be made at the current level of $0.22 per share.\nIs Apple A Good Dividend Stock For 2021 And Beyond?\nThe answer to this question depends on what exactly your goals are for your portfolio, as well as what time horizon you have in mind, and so on.\nSomeone living off dividend income that needs a certain portfolio yield, for example of 3%, will likely not see Apple as a viable investment. Due to its below-average dividend yield, both relative to AAPL's history and relative to the broad market's yield, the income stream that investors will get from an investment in Apple at current prices isn't really that attractive. Many other stocks, including some tech stocks, offer significantly higher dividend yields and may thus be better suited for a portfolio that has the goal of generating income today to fit, for example, a retiree's needs.\nThere are, however, also investors that do not need a lot of income today, and that still like to invest in stocks that have a history of raising their dividends regularly. Certain dividend growth investors do reinvest all dividend proceeds anyway, as they are still in the accumulation phase of wealth-building. Depending on one's approach, these investors may either prioritize dividend growth, current dividend yield, or a mixture of both. Someone that prioritizes dividend yield will likely flock to the likes of Altria (MO), which offers a high yield with lower dividend growth and lower earnings per share growth. Someone that prioritizes dividend growth over a stock's current dividend yield may flock to companies that have a lower dividend yield today, but that have more potential to raise their dividend at a high pace for many years. This ability to raise dividends at a steep pace for a long period of time usually rests on two pillars, a low dividend payout ratio, and a strong earnings per share growth outlook.\nA low dividend payout ratio, e.g. Apple's dividend payout ratio of just 17% (based on 2021 EPS estimates), leaves a lot of room for dividend growth through increases in the payout ratio. Apple could, if management decides so, easily triple its payout ratio to 51%, which would, all else equal, lead to 200% dividend growth. This is, of course, not possible for a company like Altria, which has a payout ratio of around 80% already. When investing in a stock like Altria, investors know that dividend growth can only come from earnings per share growth, not from an increase in the dividend payout ratio.\nApple's dividend looks also very safe when we consider cash flows. During the last four quarters, Apple generated free cash flow of $5.27 per share (per YCharts), its cash dividend payout ratio is thus 16.7% -- this is, again, indicating that Apple's dividend is very safe and that there is a lot of room for increases in the payout ratio.\nEven when we back out a stock's potential to raise the dividend payout ratio, the dividend growth outlook is very different for different companies. Some companies are growing quickly and will likely grow at a strong pace for many years, e.g. NVIDIA (NVDA), while other companies have a more challenging growth outlook, where investors may be happy if the company manages to outgrow inflation. Some consumer goods companies, such as Coca-Cola (KO) and Colgate-Palmolive (CL), fit the latter group, as they have not shown meaningful revenue or earnings growth in recent years -- but the stocks still have their fans.\nAAPL belongs, I believe, to the stocks that have a very solid dividend growth outlook. The low dividend payout ratio could easily be raised if management ever decides to accelerate dividend growth, and thanks to a very healthy earnings per share growth outlook, Apple should be able to raise its dividend considerably even if the dividend payout ratio is held constant at the current level:\nData by YCharts\nAAPL is forecasted to grow its earnings per share by 3% in 2022 and 2023, respectively. This is, to be honest, not a great growth rate, but analysts also expect that earnings per share growth will accelerate to 13% a year in the long run. Estimates are sometimes a little too optimistic, but even if Apple's long-term EPS growth is a little lower than what analysts are forecasting right now, a high-single-digit to low-double-digit earnings per share growth rate seems achievable. Growth will stem from a combination of market growth (more people buy phones, wearables, and so on), price increases, growth for the services business, and the introduction of new products. The last point could become a quite meaningful growth driver, as Apple seeks to expand its position in health-focused hardware and services, while also coming out with its own car project towards the mid-2020s. Last but not least, Apple's buybacks also benefit AAPL's earnings per share growth, which is why I believe that a 7%-10% EPS growth rate seems very much achievable in the long run. It should be noted that tax law changes, e.g. a proposed tax treatment of buybacks that is equal to how dividends are taxed, could result in a marginally lower EPS growth rate due to reduced buyback activity. In that scenario, EPS growth might stay closer to the lower end of the indicated range, but even if tax laws change, this wouldn't have a dramatic effect on Apple's EPS growth, I believe.\nLet's assume that Apple grows its earnings per share by 8% a year over the next decade and that its dividend growth rate is held constant at 9.8% a year -- in line with AAPL's dividend growth over the last nine years. In that scenario, Apple's dividend payout ratio rises from 17% to 20% through 2031, which would still be a very low dividend payout ratio. The per-share dividend would rise to $0.56, for a dividend yield of 1.7% based on AAPL's current share price. If dividends are reinvested over those ten years, the dividend yield on cost rises to 1.8%. Is this attractive? You be the judge, but I think it isn't really outstanding.\nThere is, of course, the possibility that management eventually decides to raise the dividend payout ratio dramatically. At a payout ratio of 50%, based on our EPS estimate for 2031, Apple's dividend yield would be north of 4%, and north of 5% with dividends reinvested. That would be more attractive for sure, especially when such a yield comes from a healthy global leader with a strong moat, such as Apple. But this scenario, of course, only comes to fruition if management increases the payout ratio meaningfully. If, however, Apple's management decides to keep dividend growth more or less in line with EPS growth, then the low yield today prevents investors from receiving a very high yield on cost in the future.\nTo sum this section up, I'd say that Apple is not suitable for those that want a large income stream right now -- the current yield is just too low. For those that prioritize dividend growth and the potential for steep increases in the payout ratio, AAPL could be more suitable, although it is not an outrageously strong buy for those, either, I personally believe. Apple traded at a dividend yield of 1.5%-2% not too long ago, which would have made for a much better entry point. But today, with a yield of 0.7%, most of Apple's potential to generate returns for investors rests on future share price gains, as dividends will not have a very large impact. For a growth-focused dividend growth investor, that may still make for a solid choice, as share price gains are, of course, also a way to generate returns. But for a more traditional income approach, Apple seems not really suitable due to its lowish yield today. One should also consider the fact that its current valuation, at 25 times forward earnings, is above the historic valuation norm, which, again, indicates that right now may not be the best time to buy.\nThis does, of course, not mean that someone who holds shares that were purchased at another time has to sell these shares. If, for example, a dividend investor entered a position five years ago at a split-adjusted price of $24, the yield on cost on that investment is just shy of 4% today, and even above that level if dividends were reinvested along the way. If someone holds shares of Apple that were bought at a lower price that's great, but buying today may not be the best idea. Waiting for a lower valuation and a higher starting dividend yield could pay off in the long run.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":932,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}