Apple Inc. Announces Quarterly Dividend of $0.77 (NASDAQ:AAPL)

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Apple Inc. (NASDAQ:AAPL) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Investors of record on Monday, November 11th will be paid a dividend of 0.77 per share by the iPhone maker on Thursday, November 14th. This represents a $3.08 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, November 7th.

Shares of AAPL stock opened at $248.76 on Friday. The stock’s fifty day simple moving average is $229.45 and its 200 day simple moving average is $207.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The firm has a market cap of $1,099.47 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.12 and a beta of 1.24. Apple has a one year low of $142.00 and a one year high of $249.75.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.19. The business had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. Apple’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.91 EPS. On average, research analysts anticipate that Apple will post 13.09 earnings per share for the current year.

In other news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre O’brien sold 12,459 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $234.04, for a total value of $2,915,904.36. Following the transaction, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The disclosure for this sale can be found here. Insiders sold 428,264 shares of company stock valued at $90,909,405 in the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on AAPL. New Street Research set a $155.00 price objective on Apple and gave the company a “sell” rating in a research report on Tuesday, September 10th. Cowen reiterated an “outperform” rating and issued a $290.00 price objective (up previously from $250.00) on shares of Apple in a research report on Thursday. Maxim Group cut their price objective on Apple from $211.00 to $204.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Needham & Company LLC lifted their price objective on Apple to $280.00 and gave the company an “average” rating in a research report on Thursday. Finally, Jefferies Financial Group set a $285.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $238.51.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Featured Story: Accumulation/Distribution

Dividend History for Apple (NASDAQ:AAPL)

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