Apple Inc. ($AAPL) is an American multinational technology company that specializes in consumer electronics, software and online services. $AAPL along with $COST has been my biggest holding. Today we are going to talk about the following:
Overview
๐ค $APPL dividend hike and shares buyback
๐ฅง Impact on my portfolio
๐ฎ Future plans
๐ค $APPL dividend hike and shares buyback
Apple has announced a dividend increase of 5% from 22c a share a quarter to 23c a share a quarter, and share buyback of $90 billion.
$AAPL has successfully increased its dividend for 10 consecutive years to achieve dividend achiever tag. $AAPL started dividends on 2012 where they were giving out $0.094643 per share, they have 10 year dividend CAGR of 7.68% meaning they have been increasing their dividend by 7.68% per year.
Backed by a strong quarter, $AAPL has also announced $90B stock buyback. Stock buyback increases your ownership in the company as you own same number of stock, but it decreases total number of shares.
๐ฅง Impact on my portfolio
Apple is my biggest individual holding. It is 8.66% of my entire portfolio. However, it contributes 1.08% to dividend income as its dividend yield is low at 0.54%. I make around $188.32 per year with the 200+ share that I hold. With the dividend hike I will be getting an increase of $8.56 making total yearly Apple income to $196.88.
๐ฎ Future plans
I donโt hold any special future plan for $AAPL. Nothing with the company has changed significantly in terms of fundamentals, or dividend for me to not own the company. The dividends will be used for DRIP ๐ฆ and will be continuing to add more of $AAPL to my portfolio.
Canโt we create bank account in America from Nepal to buy stock ?