“Last week was a particularly bountiful one for investors in big dividend-paying companies,” Shirley A. Lazo reports for Barron’s. “Leading the charge was Apple, which on Wednesday served up a 7.9% payout boost, an unusually large 7-for-1 stock split, and a sweetened share-buyback plan. Furthermore, earnings and revenue surpassed Wall Street’s expectations on strong iPhone sales.”
“The electronics giant enriched its quarterly dividend to $3.29 a share from $3.05, which is worth an additional $827 million annually to investors and gives the stock a 2.3% yield. Last year, Apple added $1.5 billion to payouts; the company had resumed quarterly disbursements in March 2012 at the rate of $2.65 a share, after having not paid anything since a 12-cent distribution in December 1995,” Lazo reports. “The increase to $3.05 came in April 2013. With the new quarterly, Apple is the largest Standard & Poor’s 500 dividend payer, ahead of ExxonMobil and AT&T.”
Read more in the full article here.
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I can’t think of a better place to invest one’s money for long-term growth potential and minimal downside risk.
$400 from a high of $700? No downside risk?
Better to put your money in Apple than the Bank.
I have some of my money in the Bank of Apple 🙂
Great story, except AAPL is listed on the NASDAQ.
While AAPL is traded on the NASDAQ, they are also a member of the S&P 500. Similar to MSFT being in the DOW and also a member of the S&P 500.
I wonder how much longer MS will be in the Dow.
If you invested in the bank of goo-goo, your dividend is pretty much doo-doo. They used the money to build spy glasses and a huge floating barge instead.