Apple's Dividends: A History of Payments and Performance
Dividend Payments and Performance
Apple Inc. has a long history of paying dividends to its shareholders. The company has paid dividends every year since 1987, and has increased its dividend amount every year since 2012. In 2023, Apple paid a total of $11.7 billion in dividends to its shareholders, with a quarterly dividend of $0.95 per share.
Dividend Yield
Apple's dividend yield is the annual dividend amount divided by the current stock price. As of May 21, 2024, Apple's dividend yield is 0.51%, which is below the average yield of 1.7% for the S&P 500 index.
Payout Ratio
Apple's payout ratio is the percentage of its earnings that the company pays out in dividends. In 2023, Apple's payout ratio was 25.7%, which is a healthy level that indicates that the company can continue to pay dividends in the future.
Dividend Growth
Apple has a history of increasing its dividend amount every year. The company has increased its dividend by an average of 11% per year over the past five years. This growth rate is expected to continue in the future, as Apple continues to generate strong earnings growth.
Conclusion
Apple's dividend payments and performance have been a consistent source of income for shareholders. The company's strong track record of dividend growth and healthy payout ratio make it a reliable investment for investors seeking dividend income.
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