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!