Investors Load Up on Apple (AAPL) Ahead of First Dividend Payment in Years
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Get Alerts AAPL Hot Sheet
Price: $443.47 +0.30%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
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Shares of Apple (Nasdaq: AAPL) have been ramping higher the past few weeks on really no substantial news other than the impending announcement of the iPhone 5. In fact, shares of Apple have recovered all the losses following its rare third quarter miss, complete with lackluster guidance, plus $20. It been a straight shot higher since the post-earnings sell-off of about 4 percent.
While investors aren't complaining, they are asking why.
One possible reason could be the dividend. With earnings, Apple declared its first dividend since 1995 and it was a hefty one. The dividend is $2.65 per share, or $10.60 annualized. The dividend will be payable on August 16, 2012, to stockholders of record on August 13, 2012, with an ex-dividend date of August 9, 2012. The yield is about 1.7 percent, based on the current price.
So investors have just a few days to buy to collect the dividend. You have to buy the stock the day before the ex-dividend date to collect the dividend.
Not only are new buyers rushing into the stock to collect the juicy dividend, current shareholders are hard pressed to sell any stock ahead of the dividend.
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While investors aren't complaining, they are asking why.
One possible reason could be the dividend. With earnings, Apple declared its first dividend since 1995 and it was a hefty one. The dividend is $2.65 per share, or $10.60 annualized. The dividend will be payable on August 16, 2012, to stockholders of record on August 13, 2012, with an ex-dividend date of August 9, 2012. The yield is about 1.7 percent, based on the current price.
So investors have just a few days to buy to collect the dividend. You have to buy the stock the day before the ex-dividend date to collect the dividend.
Not only are new buyers rushing into the stock to collect the juicy dividend, current shareholders are hard pressed to sell any stock ahead of the dividend.
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