What Could Drive Apple’s Dividends?
Apple’s PE of 16.9x and dividend yield of 1.6% compares to a sector average PE and a dividend yield of 36.2x and 2.8%, respectively.
Amgen (AMGN) has five-year dividend growth of 26%.
Amphenol (APH) has five-year dividend growth of 28%. The company has maintained a good free cash flow position.
Royal Caribbean Cruises (RCL) has five-year dividend growth of 39%.
Apple (AAPL) has a five-year dividend growth of 59%. The company has also maintained an impressive free cash flow balance.
Southwest Airlines Company (LUV) has five-year dividend growth of 87%.
The average dividend yield of the top five dividend growth stocks has fallen short of the broad indexes’ dividend growth.
National Oilwell Varco (NOV) provides components used in oil and gas drilling and is a global provider of oilfield services. Its revenue fell 51% in 2016 and 4% in 9M17.
Williams Companies (WMB) is a US energy infrastructure company. Its revenue grew 2% and 9% in 2016 and 9M17, respectively.
Kinder Morgan (KMI) is an energy infrastructure company in North America. Its revenue fell 9% in 2016 before growing 5% in 2017.