5 Best Dividend Stocks of 2023

2. Apple Inc. (NASDAQ:AAPL)

Year-to-date Returns as of April 28: 34.5%

Apple Inc. (NASDAQ:AAPL) currently pays a quarterly dividend of $0.23 per share and has a dividend yield of 0.55%, as of April 28. It has been raising its dividends consistently for the past nine years.

Apple Inc. (NASDAQ:AAPL) was a part of 135 hedge funds in Q4 2022, as per Insider Monkey’s database. The stakes owned by these funds have a total value of over $136 billion.

Distillate Capital mentioned Apple Inc. (NASDAQ:AAPL) in its Q4 2022 investor letter. Here is what the firm has to say:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”