This recent acquisition I decided to go with one of my favorite product companies ever, Apple Inc. (AAPL). There is no question this company makes quality gadgets from all sorts. I am actually writing this post on my 2010 Macbook Pro and have my iPhone 4s right beside me. But besides my love of using Apple’s products, I think this company is a great investment over a long haul. Been a great investment for a while now and it’s not hard to believe that it will continue to be. Besides, all the negative talk about the company’s inability to innovate is just bringing the stock price down to a very nice valuations. It even promoted Warren Buffett’s Berkshire Hathaway Inc. (BRK.A) to invest a $1 billion stake into Apple Inc. (AAPL). I hate to say this because I try to buy these stakes on my own instincts, but if its good enough for Buffett, its good enough for me.
This recent acquisition is actually my 3rd addition to Apple Inc. (AAPL) portfolio holding. The first time I initiated the position was back in 2012, second was shortly after in 2013 and now in 2016. I did buy it after this recent ex-dividend date so I will only see the extra dividends the next payout quarter.
Company Overview: Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. Altogether with its subsidiaries, the company designs, manufactures, and markets mobile communication, media devices, personal computers, and portable digital music players. It is an innovative technology company that has a portfolio of the worlds most leading brands. Its well known products and services include iPhone, iPad, Mac, iPod, Apple TV, Apple Watch, the iOS and Mac OS X operating systems, and iCloud. The company sells and delivers digital content and applications through its online stores such as the iTunes Store, App Store, iBooks Store, Mac App Store, and Apple Music. It has online stores in 39 countries. Additionally, it also sells its products through its brick and mortar direct sales forces, which now consists of 479 retail stores in 18 countries.
- Dividend Yield: 2.5%
- 3Yr Dividend Growth Rate: 62.5%
- Payout Ratio: 24.4%
- P/E: 10.3
- Consecutive Years of Dividend Raises: 5
I purchased 11 shares for the price of $92.87 adding $25.08 to my annual dividend income.
This is the 4th time I am initiating a stock acquisition this year. This transaction is my additional purchase of AAPL shares into the portfolio. As of today, I now hold 39.41 shares of this company. Currently, AAPL ownership stake represents to be around 4.8% of my current portfolio value.
The 12-month dividend income increased to $2,587.
Thank you for reading & have a great day!