Dividend Increase – Apple (AAPL)
Dividend Increase Announcement
On May 1st, Apple announced a dividend increase of 15.9%. This will increase their dividend per Quarter from $0.63 to $0.73. It is payable on May 17th for shareholders of record on May 14th. The new monthly dividend represents an annualized dividend amount of $2.92 per share as compared to the current annualized dividend amount of $2.52 per share.
Apple Dividend Information
Annual Dividend: $2.92
Dividend Yield: 1.65%
Payout Ratio: 25.9%
Dividend Growth History: 5 years
Dividend Increase Effect On More Dividends
I currently am holding 2.023 shares of Apple. With this 15.9% increase it will only add $0.81 to my Projected Annual Dividend Income.
Yesterday, Apple gave a very nice increase to their shareholders. Unfortunately, I don’t hold a large position in Apple. I originally bought my shares of the company back when the Loyal3 platform was around. It seems like after I bought those 2 shares that the price just took off like a rocket. I kept thinking that the share price would come back down closer to my cost basis but that hasn’t happened yet. I am kicking myself for not buying more shares then.
With such a small payout ratio the company has a lot of dividend growth ahead of them still. I will continue to wait on the sidelines for a better opportunity to add more shares. Hopefully that will happen before the next big crash but if not I will continue to be patient until the time is right.
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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Hey MD, I have a moderate size position in Apple purchased a few years ago when the stock pulled back to under $100. I was very happy with the increase. Generally the news around earnings, the dividend and buy backs seemed pretty positive. They are selling phones at higher prices and selling more services. Tom
Tom @ Dividends Diversify recently posted…The New Millionaires | Income & Net Worth | Part 4