Apple’s (AAPL) recently announced dividend would yield 1.7% at its current stock price, which places the technology company at #6 on the list of firms with solid earnings and share performance, Investor’s Business Daily reported. The company earlier this month announced a quarterly dividend of $2.65 starting this summer, according to IBD.
The payout is hefty, but the continued surge in the company’s stock price is shrinking the yield. AAPL has surged 53% since the start of this year, closing above 617 Wednesday, IBD reported. The stock has risen 77% in the last 12 months alone.
Source: Cabot Investing
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