Apple Inc. (AAPL) Plans Quarterly Dividend of $3.05
Apple (NASDAQ:AAPL) declared a quarterly dividend on Monday, January 27th, Analyst Ratings.Net reports. Investors of record on Monday, February 10th will be given a dividend of 3.05 per share on Thursday, February 13th. This represents a $12.20 dividend on an annualized basis and a yield of 2.22%.
Several analysts have recently commented on the stock. Analysts at BGC Financial downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $550.00 price target on the stock. On a related note, analysts at Susquehanna reiterated a “positive” rating on shares of Apple in a research note to investors on Tuesday, January 21st. Finally, analysts at Avondale Partners raised their price target on shares of Apple to $700.00 in a research note to investors on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $604.81.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Monday, January 27th. The company reported $14.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $14.05 by $0.45. The company had revenue of $57.59 billion for the quarter, compared to the consensus estimate of $57.46 billion. During the same quarter in the prior year, the company posted $13.81 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis.
Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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