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.