Apple Inc. Announces Dividend Increase
Strong Financial Performance Drives Higher Shareholder Return
Split-Adjusted Dividend Reflects Company's Commitment to Growth
Reflects first date shares trade on a split-adjusted basis.
CUPERTINO, Calif. - Apple Inc. (NASDAQ: AAPL) today announced that its board of directors has approved an increase in the company's quarterly dividend to $0.96 per share. The dividend is payable on May 12, 2023, to shareholders of record as of the close of business on April 26, 2023.
This dividend increase marks the tenth consecutive year that Apple has raised its dividend, and reflects the company's strong financial performance and commitment to returning value to shareholders.
Apple's dividend yield is currently 0.55%, which is higher than the average dividend yield of the S&P 500 index. This makes Apple an attractive stock for investors seeking dividend income.
In addition to its dividend increase, Apple also announced a stock split. The stock split will be a 4-for-1 split, which means that each shareholder will receive three additional shares of Apple stock for every share they currently own.
The stock split will take effect on June 9, 2023. The split will make Apple's stock more affordable for investors, and it should help to increase the liquidity of the stock.
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