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An important positive reality for many us seldom if ever gets brought forth in the Apple mania on Free Republic and the media.

Apple decided to join the real world and deliver dividends a few years ago.

Since then, Apple has become a dividend cow.

One of the ways to participate in this excess creme of Apple dividends is to buy a good dividend ETF with a fair share of Apple in its portfolio. Here are some suggested ETFs by someone besides me.

http://finance.yahoo.com/news/apple-ascent-dividend-etfs-140052269.html

Jones Industrial Average and the SPDR Dow Jones Industrial Average ETF (DIA) later this month.

The addition of Apple to the Dow ensures that all 30 of the index’s members are dividend payers. DIA is one of a small number of equity-based exchange traded funds that pays a monthly dividend. Though still new to the dividend world, Apple is becoming a larger holding in some payout ETFs. [Monthly Dividend ETFs]

“You might also be surprised to find Apple as a top-10 holding in 12 dividend focused ETFs,” said S&P Capital IQ in a new research note. “Apple began paying dividends in 2012, raised its dividend mostly recently in April 2014, and now offers a 1.5% dividend yield — below the S&P 500 index.”

The WisdomTree U.S. Dividend Growth Fund (DGRW) is a prime example of a dividend ETF that was quick to include Apple despite the company’s short dividend track record. DGRW features an almost 19.6% weight to technology, one of the largest weights to that sector among dividend ETFs. The fund’s Apple weight is 4.3%, making the iPhone maker the ETF’s second-largest holding.

DGRW debuted just a year after Apple reinstated its dividend, but the ETF’s index methodology Apple’s fast entry into the fund.

“Apple is now the second-largest dividend payer in the United States. And with the record earnings the company just reported, it could easily move up to first place soon. But if your ETF uses backward-looking screens, as most do, you likely won’t see Apple in your portfolio until 2023 (at the earliest),” said WisdomTree in a note out last week. [Apple and Dividend ETFs]

DGRW, which has $428.4 million in assets under management, has a distribution yield of 2.51% and pays a monthly dividend. Importantly, Apple has $178 billion in cash, more than the market values of all but a few S&P 500 members, with which to support future shareholder rewards.

“S&P Capital IQ’s equity analyst Scott Kessler projects overall 21% revenue growth for FY 15 (Sep.), reflecting healthy iPhone revenue growth and some challenges related to the iPad. Kessler sees revenues being aided by new offerings across multiple consumer categories, including the iPhone 6, iPhone 6 Plus, and the AppleWatch. However, he has a hold recommendation on the shares based on a relative valuation assessment,” according to S&P Capital IQ.

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is the dividend ETF with the largest Apple weight at 8.64%, just ahead of the weights the ETF allocates to Apple’s soon-to-be fellow Dow component Cisco (CSCO).

As S&P Capital IQ points out, the WisdomTree Total Dividend Fund (DTD) features Apple as its largest holding with a weight of 3%. Additionally, DTD does not make a habit of lagging. Over the past five years, DTD outperformed 92% of its actively managed mutual fund rivals. [Dividend ETFs Still in Style]

The $598.2 million DTD has a distribution yield of 3.03% and also pays a monthly dividend.

WisdomTree U.S. Dividend Growth Fund.

In fair disclosure, we will be buying a good bit of DGRW this week. We own TDIV and DTD.

We will probably buy back into DVY before/when Apple and Cisco are blended into the DOW average.