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Friday, May 3, 2024

Apple Dividend Increase

Apple (AAPL) increased its quarterly dividend by 4.17%, from 24¢ to 25¢ per share.

The dividend will be paid on 16 May to shareholders of record on 13 May. The ex-dividend date is 10 May.

AAPL's contribution to DivGro's projected annual dividend income will increase by $4 to $100.

I own 100 shares of AAPL at an average cost basis of $22.55 per share. Following this increase, my yield on cost is 4.43%. (AAPL's forward yield is 0.54% at $185.65 per share). 

Since I opened my AAPL position in May 2016, the stock has produced annualized total returns of 94%, including $593.25 in dividend income. 

AAPL became DivGro's 18th Home Run stock in August 2018, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date
201920202021202220232024
$0.7600$0.8075$0.8650$0.9100$0.9500$0.9900
7.80%6.25%7.12%5.20%4.40%4.21%
5-year DGR:6.15%5.43%

projected, assuming no further changes


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