I got into owning Apple stock back in 2013, when a lot of people were already throwing the towel on the iphone phenomena. Sentiment was definitely bearish and I took advantage of ridiculously low P/E ratio along with a nice dividend yield. Since then I looked at this Large cap growing it’s free cash flow quarter after quarter. I mean can anyone tell me gathering 200 000 000 $ of profit per day for this December quarter isn’t mind-blowing!!!!
Apple Inc’s free cash flow per share for the three months ended in Dec. 2016 was $4.44. Its free cash flow per share for the trailing twelve months (TTM) ended in Dec. 2016 was $9.67. This is for me one of the main reason I haven’t cashed in the capital gain I have on paper. I feel strong enough about the company’s ability to raise my dividend payment by at least 10% per year for the next 5 to 8 years, given their 246 Billions $$ in cash assets…with a yield on cost of 3.1%, I am looking on average at a return of 13% per year at the end of this period. To be honest in the current market, It would be a hard challenge to find a better option for a secure large cap dividend grower.