Apple Inc. Announces Dividend Increase
Dividends Now Yield 1.5%
Apple Inc. (AAPL) has announced a dividend increase of 10%, raising the quarterly dividend from $0.20 to $0.22 per share. This marks the 11th consecutive year that Apple has increased its dividend.
The dividend increase is a sign of the company's strong financial performance. Apple reported record revenue and profits in the past quarter, and its cash on hand has grown to over $285 billion. The company has also been investing heavily in new products and services, such as the iPhone X and the Apple Watch, which are expected to drive future growth.
The dividend increase is also a benefit to shareholders. The current yield on Apple's stock is now 1.5%, which is higher than the average yield on the S&P 500 index. The dividend increase will also help to offset the impact of any future decline in Apple's stock price.
Overall, the dividend increase is a positive sign for Apple Inc. and its shareholders. It shows that the company is financially strong and committed to returning cash to its investors.
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