Seriously?
Urgh what a pointless post.
As any investor knows, companies only pay significant dividends when they are generating good cash flows and don't have any strategic plans to use the cash. E.g., they've run out of ideas. That is why utility companies are good shares to hold if you value dividend income.
However other things being equal, the value of all the shares = the value of the company. If the company pays a dividend of £1m, their cash balance falls by £1m, value of the company is £1m less and share price falls per share by the dividend paid. The shareholder is no more or better off.
No of course, if your 'friends' are not sophisticated enough to realise their gains when the going is good, then woe is them. My heart bleeds.
To say an investor will see nothing of the cash Apple hold is at best ignorant and at worst a lie. The share price of Apple reflects the view of investors as to the long-term value that Apple can generate. That is a reflection of the huge cash balances Apple hold. It is a huge strategic advantage to Apple to hold that cash. It would appear institutional investors better than you or I concur or they would be putting pressure on Apple to return some of that cash.