Want $1,000 in Passive Income? Buy 1,084 Shares of This Warren Buffett Stock
Apple (NASDAQ: AAPL) accounts for 43% of Warren Buffett's holdings through Berkshire Hathaway, which makes it his largest position by a wide margin. Currently, Apple's dividend yield sits at just 0.71%, but an investment of $141,000 -- or 1,084 shares at the current price -- would still generate $1,000 in passive income each year.
More importantly, investors have good reason to believe the quarterly payout will continue to grow. Additionally, Apple should benefit from several catalysts in the coming years, which leaves room for share-price appreciation.
Here's why this Buffett stock is a buy.
Source Fool.com
