Buy Apple (AAPL) for its Innovation-Led Dividend Strength

Apple Inc. (NASDAQ:AAPL) is included among the 11 Innovative Dividend Stocks to Buy Now.

Buy Apple (AAPL) for its Innovation-Led Dividend Strength

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL) has been a major force in reshaping the consumer electronics industry through groundbreaking products and services such as the iPhone, iPad, iTunes, and the App Store. Earlier this year, the company revealed its largest investment commitment to date, announcing plans to spend over $500 billion in the United States over the next four years.

This pledge continues Apple Inc. (NASDAQ:AAPL)’s long-standing support for American innovation and high-tech manufacturing. It will fund a variety of initiatives focused on artificial intelligence, silicon engineering, and skill-building programs for both students and the workforce nationwide.

Apple Inc. (NASDAQ:AAPL) has a strong dividend policy. The company offers a quarterly dividend of $0.26 per share, which it raised by 4% in May this year. This marked the company’s 14th consecutive year of dividend growth, which makes AAPL one of the best innovative dividend stocks. As of July 28, the stock has a dividend yield of 0.49%.

While we acknowledge the potential of AAPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.