5 NASDAQ-100 Stocks that Pay Dividends

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Dividend Yield as of April 25: 0.55%

Apple Inc. (NASDAQ:AAPL) is a California-based multinational technology firm that develops and distributes smartphones, personal computers, tablets, wearables, and accessories worldwide. 

On April 25, Canaccord analyst T. Michael Walkley reiterated a Buy recommendation on Apple Inc. (NASDAQ:AAPL), with a $200 price target on the shares. The analyst expects Apple Inc. (NASDAQ:AAPL) to report strong Q2 results with possible upside from solid iPhone 13 and Mac sales. The analyst noted that the 5G upgrade cycle will likely benefit Apple Inc. (NASDAQ:AAPL) for the next several years, with other hardware categories growing double-digits, as well as the company’s continued transition towards high-margin services. He believes the share price is compelling for investors with a long-term horizon. 

Apple Inc. (NASDAQ:AAPL) initiated dividend payments in 1987 and they continued till 1995. Apple Inc. (NASDAQ:AAPL) stopped returning dividends to shareholders between 1995 and 2012, but has paid shareholders regularly since then. Apple Inc. (NASDAQ:AAPL) declared on January 27 a $0.22 per share quarterly dividend, in line with previous. The dividend was distributed to shareholders on February 10. 

Elite hedge funds were exceedingly bullish on Apple Inc. (NASDAQ:AAPL) in the fourth quarter of 2021. According to Insider Monkey’s database, 134 hedge funds were long Apple Inc. (NASDAQ:AAPL) in Q4, compared to 120 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the biggest shareholder of the company, with more than 887 million shares worth $157.5 billion. 

Here is what ClearBridge Investments Global Growth Strategy has to say about Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”

You can also take a look at 10 Undervalued Dividend Aristocrats to Buy in 2022 and 10 Smart Home Technology Stocks To Buy Today

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