Apple lags in dividend yield despite cash flow strength; Air Products and MSC Industrial offer higher payouts and decades of increases
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Apple has consistently raised its dividend for 11 years but yields only 0.5%. It prioritizes buybacks over dividends despite high free cash flow.
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Air Products has raised its dividend for 42 straight years and currently yields 3%. Its business model and asset base provide stability.
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MSC Industrial Direct yields 3.3% but faces near-term headwinds in the manufacturing sector. Its long-term prospects remain positive.
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Apple could easily support a much higher dividend payout with its robust free cash flow generation.
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Air Products and MSC Industrial Direct have strong histories of dividend growth, supported by steady cash flows. Both are poised to deliver record payouts in 2024.