Apple plans to increase dividend
The firm paid a dividend of 20.5 cents per share in the last two quarters
Stocks impacted: Apple Inc (AAPL)
Apple shareholders voted to re-elect the company’s board of directors and approve compensation for its executives for fiscal 2020. The tech giant’s CEO Tim Cook said that Apple planned to increase the company’s dividend. In the last four quarters, dividends totaled over $14 billion. The firm paid a dividend of 20.5 cents per share in the last two quarters. The biggest U.S. listed public company by market capitalization recently reported a quarter with $111.4 billion in revenue and sales growth despite the pandemic. as a reminder, Apple has sold $14 billion of bonds at the start of February 2021. The debt offering was divided into six maturities, ranging from 5 to 40 years. The company’s stocks finished 0.11% lower on Tuesday amid broad-based weakness in Wall Street shares.
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