AAPL vs TPGXL: Which Is the Better Dividend Stock?
As of August 2026, TPGXL (TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. TPGXL offers the higher yield at 5.79%, AAPL has the higher dividend-safety score, and TPGXL trades at the larger discount to fair value (-14%).
AAPLApple Inc.TPGXTPGXLTPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064Winner
| Metric | AAPL | TPGXL |
|---|---|---|
| Forward yield | 0.34% | 5.79% |
| Annual dividend | $1.08 | $1.30 |
| Payout ratio | 12% | — |
| Years of growth | 14 yr | 0 yr |
| 5-yr dividend growth | 5.0% | — |
| 5-yr total return | 126% | — |
| Dividend safety score | 95 (A) | 66 (B) |
| Fair value estimate | $183.14 | $19.25 |
| Upside to fair value | -43% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $4.7T | — |
| P/E ratio | 36.1 | — |
Higher yield
TPGXL
5.79%
Safer dividend
AAPL
Grade A
Faster growth
AAPL
5.0%
Better value
TPGXL
-14% upside
AAPL vs TPGXL — FAQ
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