AAPL Dividend Increase
Apple just released strong second quarter results. Included among the report was an expansion of the capital return program to $200 billion by March 2017.
The Board also approved an 11% increase in the company’s quarterly dividend. Shareholders of record on 5/11/2015 will receive a dividend of $.52 per share, payable on 5/14/2015.
This increase raises my annual dividend by $47.94. So far in 2015 I’ve received dividend increases amounting to $126.65, or equivalent to investing $4207 at my portfolio’s current yield of 3.01%. Pretty cool!
20 of 29 of my dividend paying companies have yet to announce a raise, so I’m expecting good things for the remainder of the year.