The One Bright Spot In Apple’s Latest Report Could Lead You To Riches

The late-April quarterly report from Apple Inc. (Nasdaq: AAPL) was pretty brutal.

Apple missed analysts’ estimates on sales and earnings and posted its first quarterly decline in revenue since 2003. Predictably – and shortsightedly, as I’ll fill you in on in an upcoming report – Wall Street hit the panic button pushing the stock down by more than 6%.

But there was a very bright spot in Apple’s first-quarter report. And in all the hundreds of Schadenfreude-filled stories that I read following the report’s release, hardly any highlighted it.

Apple may be missing on analysts’ estimates – but it’s still producing massive amounts of profit… $10.52 billion, or $1.90 a share, in the quarter.

And with those piles of cash, Apple boosted its dividend by a stunning 10%. Not all the data is in yet, but I believe this will be one of the tech sector’s biggest dividend increases this quarter.

Finding good dividend stocks is the most stable way to make money in volatile markets like the one we’re seeing now. Stocks that pay a dividend allow you to earn steady, passive income – on top of any gains the stock provides.

Moreover, as Silicon Valley’s leaders like Apple  mature from fast-growing high flyers to cash-producing giants, they’ve taken to using those profits for share buybacks dividends.

While I still like Apple for the long haul (and for its dividend), there’s no reason to pick and choose among tech dividend stocks.

That’s because there’s a simple way to get in on just about all of Silicon Valley’s dividend payers.

And it’ll cost you less than dinner for two at Olive Garden…

How to Grab Tech’s Cash

A decade ago, high-yield tech stocks were rare. Back then, Silicon Valley preferred to plow cash back into research and the next rounds of growth.

But following the financial crisis, these firms found themselves awash in cash as businesses and consumers adopted a wide range of new technologies en masse.

In essence, that’s transformed tech’s biggest players from laggards to dividend leaders.

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Disclosure: None.

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