How To Turn Apple Into A Dividend Stock

Apple (AAPL), of course, still hasn't entered the ranks of dividend stocks, in spite of its shareholders' increasing clamor for it to free up some of its $51 billion cash hoard via dividends. However, there's a proven strategy that we've used repeatedly that's earned a better yield on AAPL than many high dividend stocks currently offer.

But you're an income investor, not a trader, and AAPL still doesn't pay dividends. So, what to do? Solution: Create your own "dividend" from Apple via selling cash secured put options. Although AAPL doesn't pay dividends, it does have high options yields which can be very profitable.

Source: Seeking Alpha

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