Apple just released their quarterly numbers, and like clockwork increased their dividend. I was expecting a 20 cent per share raise, but they increased it by 24 cents. The yearly dividend is now $2.52 per share.
An over 10 % dividend raise is great considering that this is not a value stock and the stock value it self has risen over 25% just this year.
I am excited about the upcoming super cycle where they will be releasing the 10th anniversary iPhone.
Apple remains one of my best performing stock picks. Oh and did i mention they have over quarter of a trillion dollars in the bank? Their $250 billion + cash hoard is a fortune 100 company on its own. Mind boggling.
This is my biggest raise per year and I'm loving it.
ReplyDelete@Dividensandhobbies - it happens to be my biggest dividend raise per year too. The best part is , there is more room to grow.
DeleteThat's a nice raise. I just read that AAPL is the largest dividend payer surpassing XOM. Pretty crazy considering that not that long ago AAPL wasn't even paying a dividend.
ReplyDelete@Keith - i read that too, they are going to pay over $13 billion in dividends alone over the next 12 months. That is almost half the yearly revenue of facebook :)
DeleteThats good Increase,nice raise for ourselves/
ReplyDelete@desidividend - can't complain about a 10% raise :)
Delete$250+ billions not millions.
ReplyDeletethanks, corrected it :)
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