Apple Inc.
AAPLTechnology · Consumer Electronics · Stock · quarterly payer
Forward Yield
0.31%
Annual Dividend
$1.08
Payout Ratio
12%
5-Yr Growth
5.0%
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Key facts about AAPL's dividend
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Apple Inc. (AAPL) has a forward dividend yield of 0.31%, based on an annual dividend of $1.08 per share and a share price of $343.46.
- As of Oct 19, 2026, AAPL's dividend safety grade from SmarterDividends is A (95 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Apple Inc. (AAPL) has raised its dividend for 14 consecutive years as of Oct 19, 2026.
- AAPL has never cut its regular dividend in the payment history SmarterDividends has on record.
- AAPL's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.27 per share.
- As of Oct 19, 2026, AAPL pays out 12% of its trailing 12-month earnings as dividends (its payout ratio).
- AAPL's dividend has grown at an average rate of 5.0% a year over the past five years.
- As of Oct 19, 2026, AAPL's 0.31% yield is 42% below its five-year average yield of 0.53%.
- As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for AAPL is $184.66 per share, 46% below the $343.46 share price, so AAPL screens as overvalued.
- Apple Inc. (AAPL) pays its dividend quarterly, 4 times a year.
- Apple Inc. (AAPL) has raised its regular dividend 18 times and cut it 0 times across the 92 payments on record since 1987. Its most recent change was a 3.8% increase to $0.270 per share, going ex-dividend on May 11, 2026.
- Apple (AAPL) has declared its first higher dividend of the year in May in 3 of the last 5 years; its most recent raise, 3.8%, was declared on Apr 30, 2026.
Cite this page
SmarterDividends, "AAPL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/AAPL
Summary
As of Oct 19, 2026, Apple Inc. (AAPL) yields 0.31% ($1.08 a year per share), has a dividend safety grade of A (95/100) and has 14 consecutive years of dividend increases on record.
Is AAPL a good dividend stock?
YesApple Inc. (AAPL) pays a quarterly dividend yielding 0.31% ($1.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (12%)
- 108% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.31%
- Payout Ratio
- 12%
- Annual Dividend
- $1.08
- 5-Yr Avg Growth
- 5.0%
- Ex-Dividend Date
- Aug 10, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 1.07
- Market Cap
- $5.0T
- P/E Ratio
- 39.4
- 5-Yr Total Return
- 108%
- 52-Week Range
- $243.42 – $348.15
- Dividend Safety
- A · 95/100
- Ever Cut?
- No
AAPL dividend raises and cuts
Apple Inc. (AAPL) has raised its regular dividend 18 times and cut it 0 times across the 92 payments on record since 1987. Its most recent change was a 3.8% increase to $0.270 per share, going ex-dividend on May 11, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 11, 2026 | Raise | $0.260 → $0.270 | +3.8% |
| May 12, 2025 | Raise | $0.250 → $0.260 | +4.0% |
| May 10, 2024 | Raise | $0.240 → $0.250 | +4.2% |
| May 12, 2023 | Raise | $0.230 → $0.240 | +4.3% |
| May 6, 2022 | Raise | $0.220 → $0.230 | +4.5% |
| May 7, 2021 | Raise | $0.205 → $0.220 | +7.3% |
| May 8, 2020 | Raise | $0.193 → $0.205 | +6.5% |
| May 10, 2019 | Raise | $0.183 → $0.193 | +5.5% |
| May 11, 2018 | Raise | $0.158 → $0.183 | +15.9% |
| May 11, 2017 | Raise | $0.143 → $0.158 | +10.5% |
| May 5, 2016 | Raise | $0.130 → $0.143 | +9.6% |
| May 7, 2015 | Raise | $0.118 → $0.130 | +10.6% |
Show all 18 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 8, 2014 | Raise | $0.109 → $0.118 | +7.9% |
| May 9, 2013 | Raise | $0.0946 → $0.109 | +15.1% |
| Nov 16, 1990 | Raise | $0.0010 → $0.0011 | +9.1% |
| Nov 17, 1989 | Raise | $0.0009 → $0.0010 | +10.0% |
| Nov 21, 1988 | Raise | $0.0007 → $0.0009 | +25.1% |
| Nov 17, 1987 | Raise | $0.0005 → $0.0007 | +33.2% |
Frequently Asked Questions
Is AAPL a good dividend stock?
Yes. Apple Inc. (AAPL) pays a quarterly dividend yielding 0.31% ($1.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is AAPL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AAPL's fair value is about $184.66 versus a $343.46 share price — so it looks overvalued (-46% vs. fair value).
Is AAPL's dividend safe?
AAPL has a dividend-safety grade of A (95/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is AAPL's fair value?
Our blended fair-value estimate for AAPL is about $184.66 per share, about 46% below the current $343.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AAPL a buy, hold, or sell?
We don't issue formal ratings, but on the data AAPL screens as "yes" and overvalued. Apple Inc. (AAPL) pays a quarterly dividend yielding 0.31% ($1.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will AAPL cut its dividend?
AAPL earns a dividend-safety grade of A (95/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AAPL pay a dividend?
Yes. Apple Inc. pays a quarterly dividend of about $1.08 per share annually, a forward yield of roughly 0.31%.
What is AAPL's dividend yield?
As of Oct 19, 2026, AAPL's forward dividend yield is 0.31%, based on a $1.08 annual dividend and a $343.46 share price.
What is AAPL's dividend per share?
As of Oct 19, 2026, AAPL pays $1.08 per share per year, distributed on a quarterly basis.
What is AAPL's dividend payout ratio?
As of Oct 19, 2026, AAPL's payout ratio is 12% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has AAPL grown its dividend?
As of Oct 19, 2026, AAPL has increased its dividend for 14 consecutive years.
When is the next AAPL ex-dividend date?
As of Oct 19, 2026, AAPL's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.27 per share.
AAPL Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+81%
5 Years
+108%
52-Week Range
$243.42 – $348.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AAPL worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Apple Inc. is $184.66 per share, versus a market price of $343.46. That implies 46% of downside.
Fair Value
$184.66
Current Price
$343.46
Downside
-46%
Margin of Safety
-86%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 25.4% annual free-cash-flow growth. We model 11.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.6% discount rate (CAPM), 11.1% growth for five years fading to 2.5% over the next five, $8.72 EPS, $1.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AAPL Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AAPL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 10, 2026 | Aug 13, 2026 | $0.2700 | regular |
| May 11, 2026 | May 14, 2026 | $0.2700 | regular |
| Feb 9, 2026 | Feb 12, 2026 | $0.2600 | regular |
| Nov 10, 2025 | Nov 13, 2025 | $0.2600 | regular |
| Aug 11, 2025 | Aug 14, 2025 | $0.2600 | regular |
| May 12, 2025 | May 15, 2025 | $0.2600 | regular |
| Feb 10, 2025 | Feb 13, 2025 | $0.2500 | regular |
| Nov 8, 2024 | Nov 14, 2024 | $0.2500 | regular |
| Aug 12, 2024 | Aug 15, 2024 | $0.2500 | regular |
| May 10, 2024 | May 16, 2024 | $0.2500 | regular |
| Feb 9, 2024 | Feb 15, 2024 | $0.2400 | regular |
| Nov 10, 2023 | Nov 16, 2023 | $0.2400 | regular |
| Aug 11, 2023 | Aug 17, 2023 | $0.2400 | regular |
| May 12, 2023 | May 18, 2023 | $0.2400 | regular |
Income Calculator
At $1.08 / yr per share
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