5 Dividend Stocks with Sustainable Payout Ratios

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134
5-Year Average Payout Ratio: 19.40%

Apple Inc. (NASDAQ:AAPL), despite being a technology company, boasts a robust track record in terms of dividends. The company has been raising its payouts for 11 consecutive years and its 5-year average payout ratio came in at just 19.40%. It currently pays a quarterly dividend of $0.24 per share and has a dividend yield of 0.49%, as recorded on January 23.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 134 hedge funds owned stakes in Apple Inc. (NASDAQ:AAPL), compared with 135 in the previous quarter. The collective value of these stakes is roughly $180 billion.

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