Apple Inc. (AAPL) Announces Quarterly Dividend of $3.29
Apple (NASDAQ:AAPL) declared a quarterly dividend on Wednesday, April 23rd, American Banking & Market News reports. Investors of record on Monday, May 12th will be given a dividend of 3.29 per share on Thursday, May 15th. This represents a $13.16 dividend on an annualized basis and a yield of 2.51%.
Several analysts have recently commented on the stock. Analysts at Susquehanna reiterated a “buy” rating on shares of Apple in a research note on Monday. On the ratings front, analysts at Deutsche Bank initiated coverage on shares of Apple in a research note on Thursday, April 10th. They set a “buy” rating and a $650.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Apple from $560.00 to $565.00 in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $593.52.
Apple (NASDAQ:AAPL) traded down 1.31% on Wednesday, hitting $524.75. 13,940,162 shares of the company’s stock traded hands. Apple has a 52-week low of $388.87 and a 52-week high of $575.14. The stock’s 50-day moving average is $531.1 and its 200-day moving average is $531.. The company has a market cap of $468.1 billion and a P/E ratio of 13.22.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $11.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $10.13 by $1.49. The company had revenue of $45.65 billion for the quarter, compared to the consensus estimate of $43.55 billion. During the same quarter in the prior year, the company posted $10.09 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Apple will post $42.60 earnings per share for the current fiscal year.
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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