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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