5 Best Innovative Stocks that Pay Dividends

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) tops our list of the best innovative stocks. The company has been instrumental in developing groundbreaking devices and services that have redefined the consumer electronics market, including iPhone, iPad, iTunes and App Store, and many others.

Apple Inc. (NASDAQ:AAPL) has raised its dividends every year since 2012. It currently offers a per-share dividend of $0.24 every quarter. The stock’s dividend yield on July 14 came in at 0.50%.

Apple Inc. (NASDAQ:AAPL) was in 131 hedge fund portfolios at the end of Q1 2023, as per Insider Monkey’s database. These stakes are collectively worth over $165.2 billion.

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