Want Passive Income in a Bear Market? 2 Stocks Warren Buffett Bought.
A look across the trades made by Warren Buffett's Berkshire Hathaway in the first quarter reveals an addition to its stake in (NASDAQ: AAPL) and a new position in small-cap oil and gas company Vitesse Energy (NYSE: VTS). Both are interesting stocks for investors looking for long-term passive income.
Now, I know what you are thinking, and you have a point. Apple's 0.6% dividend yield isn't the first thing an income-seeking investor will consider. But the stock is a genuine candidate here for three reasons:
The graph below shows those first two points. It's not hard to see that Apple's dividend, although rising at a compound annual rate of 8.6% over the last decade, is still very well-covered by earnings and FCF. As such, there's plenty of potential to increase cash dividends paid to investors.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.35% for Apple Inc. compared to the current price of 201.25 €.
