Apple, the world’s largest company by stock market value, at $2.7 trillion, this week accounted for 7.3% of the S&P 500 index. That is the highest weighting for any stock in the index based on records going back to 1980, according to S&P Dow Jones Indices.
The weighting of Apple now exceeds that of those of all other top companies in the S&P 500 over the past four decades. On that list are IBM, Exxon Mobil, General Electric, and AT&T, each a beneficiary of a different phase of the U.S.’s economic history.
Apple has the biggest profits of any company in the S&P 500 and pays the biggest dividends. The iPhone maker is expected to earn nearly $100 billion after taxes in its current fiscal year, which ends in September.
Shareholders are being paid their quarterly dividends Thursday. Berkshire Hathaway, the No. 3 holder with 915 million shares, will get about $200 million of the roughly $3.7 billion Apple is disbursing.
MacDailyNews Note: Apple’s board of directors on July 28th declared a cash dividend of $0.23 per share of the company’s common stock (AAPL). The dividend was payable on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.
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When it CANCELS raising the price for the future iPhone yet be to released, while USA in high inflation and coming off Covid times — then, OK… yey!
Uh, they haven’t announced any price increase…yet. And the rumors say only the top-end phones will see a price rise. On the other hand, with their profit margins, they COULD hold (or even lower) their prices. But then the stock market would hit them and we’d all bemoan the drop in the share price.
Only Tesla seems able to raise prices at will, and somehow maintain its exorbitant P/E ratio (currently 107). For comparison, Apple’s P/E ratio is just 28.4. (And don’t get me started on the silliness behind over-inflated stocks like GameStop and AMTD Digital.)
“Uh, they haven’t announced any price increase…yet.”
Hmmm, I did not say they raised prices? Having a reading comprehension and extrapolation problem again I see.
Uber-analyst Ming-Chi Kuo has a different opinion, and if true, I wrote CANCEL. Got it?…
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apple should suspend their DIVIDEND until the third quarter of 23 and put all that money into share buy backs in order to avoid the 1%tax of the absurdly named IRA bill that was just passed
Agreed. The empty head leftists don’t understand how it WORKS. The economic harm it escalate with corporations, small businesses, ENERGY companies and yes, families, that will pay even higher taxes and related costs as a result of the BIG LIE bill. The country will be further harmed and the numbskulls are smiling and planning a big GLOAT PARTY is September. Yes, Democrat nitwits smile NOW — it will be your last until November elections the RECKONING red wave is on its way…