AAPL

Apple Inc. may be about to announce its 10th consecutive dividend increase. Never underestimate long-term impact. Click here for our take on the AAPL ...

I have no way of knowing the future, but I have a great gift of knowing the past with certainty. But knowing the Apple of 2023, it is not impossible to see the Apple of 2038 being at least as strong, if not stronger. The table uses the current pre-market price of $147 and assumes a dividend growth rate of 5% and 10% alternatively. Apple's dividend growth rate has slowed a bit in recent years, but as the company continues maturing (ha!), I expect it to deploy more cash towards shareholders. I prefer a slowly but surely increasing stream of income as shown by Apple in the chart above. I've recently [written](https://seekingalpha.com/article/4572116-microsoft-q2-2023-earnings-dividend-coverage-check-in) about Microsoft's ( [MSFT](https://seekingalpha.com/symbol/MSFT)) dividend coverage being so strong that it can double its dividends without feeling a pinch. Obviously, there is a great deal of survivorship bias in this, as no one could have predicted the Apple of 2023 when looking at the Apple of 2000. But I agree with Seeking Alpha's calculation below, which seems to be looking at increases past the first full year of dividend payment (2013). Take a look at the comments in Still, to arrive at a (more laughable) number, let's use the average quarterly free cash flow number of $19.75 Billion. That made me realize that Apple is due for its annual dividend increase when it announces its next quarterly results in May. Smith in the photo) is still going strong as a company 10 years later, and more to the point, as a strong dividend growth stock.