Easy Extra Money Idea of the Day:
Today AAPL is a ubiquitous company but it wasn’t always that way. AAPL has had its share of struggles and the life of its co-founder, Steve Jobs, is documented in many books and movies.
AAPL is in the always fast growing and changing technology field and you’ve most likely heard of some of their products (iPhones, iPads, Macintosh). AAPL has historically been a growth stock and it wasn’t until recently (2012) that AAPL started to pay a dividend and become a valuable dividend stock for many. This is one of the reasons I love AAPL as a holding in my dividend stocks portfolio. It provides growth on top of a solid dividend (2%) with the financial resources to back up that dividend and continue to raise it in the future (their current payout ratio is only 25%!).
- AAPL manufactures mobile communication and media devices, personal computers, portable digital music players, and provides software and services in the technology field
- Founded in 1977 and based in Cupertino, California
- Dividend Payout Schedule: 2-5-8-11
- To create monthly dividend income, pair with an investment from Dividend Payout: 1-4-7-10 and Dividend Payout: 3-6-9-12
Check out our YouTube review of Apple