Apple’s Hottest New Release: A quarterly dividend! First one Apple has ever paid out in 17 fucking years!!
And I see the AAPL Dividend payment is already in my account this morning! A cool $2.65 per share at a time my AAPL holdings are peaking at 75% of my portfolio…
Over the next three years, Apple has stated that its buyback and dividend plans will distribute $45 billion from its cash hoard. With the company’s 935 million shares outstanding, the quarterly dividend will fork over nearly $2.5 billy to investors each Q!
Even with their “big miss” in the most recent June quarter, Apple still miraculously announced the accumulation of an additional $7 billion in fucking cash; so the payment of $2.5 billion in dividends will not reduce Apple’s cash hoard, nor even stop it from growing past its current height at $117 billion.
