5.5% Dividend Increase from Apple (APPL)

Dividend Increase Announcement

On April 30th, Apple announced a dividend increase of 5.5%. This will increase their dividend per quarter from $0.73 to $0.77. It is payable on May 16th for shareholders of record on May 13th. The new quarterly dividend represents an annualized dividend amount of $3.08 per share as compared to the current annualized dividend amount of $2.92 per share.

Apple Dividend Information

Annual Dividend: $3.08
Dividend Yield: 1.46%
Dividend Growth History: 6 years

Dividend Increase Effect On More Dividends

I am currently holding 2.054 shares of Apple. With this 5.5% increase, it will add $0.33 to my Projected Annual Dividend Income and thats not taking into account the compounding factor!

Conclusion

The only regret that I have with Apple is that I did not buy more when it was so cheap. Apple is a great company that has a great future. They continue to offer a superior cell phone even as the company grows their service business. I have no intentions to sell the shares and am excited for the day when the share price gets back down around my cost basis.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Apple? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com

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