“In early March, Apple announced plans to start paying a dividend for the first time since 1995. The Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012,” Parsimony Investment Research. “That equates to an annual dividend of $10.60 and a current forward dividend yield of 1.9%.”
“On the surface, Apple rates pretty well with an overall Parsimony rating of 91. However, technology stalwarts, International Business Machines (IBM) and Intel Corp. (INTC), carry a slightly higher rating. That said, a quick glance at the sub-ratings for these stocks reveals why Apple would have a lower overall rating,” Parsimony Investment Research. “Apple has highest scores of all the stocks on the list in every sub-category except Dividend History. Clearly, Microsoft (MSFT) and Cisco (CSCO) can’t hold a candle to Apple. Unfortunately, Apple can’t do anything about its short Dividend History, but dividend growth investors should be able to look past this short history given the Company’s financial stability and future dividend potential.”
Parsimony Investment Research writes, “This shouldn’t be earth-shattering news to anyone, but Apple may very well become the best dividend growth stock of all-time.”
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