Here's How Many Shares of Apple Stock You'd Need for $100 in Yearly Dividends

Apple (AAPL) has been a strong performer over the past few decades, but it may not be the best choice for income investors seeking regular cash returns. The company pays a growing dividend, but the yield is relatively low at 0.3%, generating only about $1.08 per share. To earn $100 annually in dividends from AAPL, an investor would need to purchase 93 shares, which would cost approximately $32,000 at the current price.

Even with the dividend growing at its recent rate, an initial investment of $32,000 would only yield around $160 per year after a decade. This means that committing a sizable amount to AAPL as an income investment could result in low returns. While Apple is not a bad stock overall, it is not a great pick for income investors looking for consistent, spendable cash at a reasonable rate of return.

The company focuses more on growth, aided by substantial stock buybacks. With new CEO John Ternus leading, it's unlikely that this trend will change. For those seeking a strong all-around income investment, it's advisable to look elsewhere and consider stocks with higher yields.