AAPL Dividend History

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Apple is a behemoth in technology, its customer base is deeply loyal and typically affluent. Profit margins for the iPhone remain the core driver of earnings, although a wide variety of other products also help Apple maintain high profitability, which underpins the AAPL dividend history of paying cash to shareholders. Additionally, a large stockpile of cash may also be used to give more profits to shareholders via AAPL dividends or via buybacks. On an absolute basis, the dividend is actually quite low, below 2% (actually it’s closer to 1.4% right now, as the stock moved sharply higher recently), which means it pays a lower yield than the average dividend aristocrat.

When is the Next Apple Dividend Date? See Below…

The first dividend payment in 2017 for Apple went ex-dividend on February 9th. The first 2017 APPL Dividend was payable on February 16, 2017 to shareholders of record as of February 13, 2017. The dividend was $0.57 per share, and the aggregate cost was just over $3B.

The next Apple dividend has an Ex-Dividend date of August 10, 2018 and will be in the amount of $0.73 per share. Recent dividends are below with the next one bolded:

  1. 08/10/2018 – $0.73
  2. 05/11/2018 – $0.73
  3. 02/09/2018 – $0.63
  4. 11/10/2017 – $0.63

Is An AAPL Dividend Increase Likely? We Think So

Billionaire Carl Icahn has been an outspoken activist trying to get more money into the hands of shareholders, and it has worked. Buybacks have increased since he began his campaign. But investors want an Apple dividend increase, sooner than later, and we think the company’s fundamentals are supportive of this.

A huge amount of cash, a stable core business, and growth opportunities leave Apple shareholders wanting more in the way of capital return. This is what underpins an AAPL dividend increase which could be more than double the current level. In recent quarters the cost of the dividend has been about $3.8B per quarter, or $15.3B for the full year. While this is clearly a huge amount of money, Apple has $70B of cash on the balance sheet, which could fund the dividend for years, even without the massive cash flows. We note that Apple has a lot of its cash in other countries and would need to repatriate it in order to pay shareholders, there is the possibility that Trump may make this more tax effective in the future.

We looked at Trump’s dividend portfolio and found his investments were much better than we would have expected.

How Big is Apple’s Dividend?

Apple pays about $3.6B of cash to shareholders every three months, or over$15B per year. To put this number into context, there are about 325M Americans, and apples dividend payment could be distributed in such a way that each American would get $45 per year, every year. Of course shareholders are based around the world, but it is truly a staggering amount of money.

The pallets of cash below shows about $10B of cold hard cash, in $100 bills; now multiple that by 1.5x and that’s what Apple pays every  year in dividends.

Aapl dividend size

AAPL Dividend History:

Smart Dividend Stocks has the last 30 years of (NYSE:AAPL) AAPL dividend history and Apple dividend historical yield data. Our Apple dividend history analysis reviews all dividend payments and their ex-dividend dates as well as offering insight into the AAPL Payout Ratio that shows what percentage of the AAPL’s annual EPS is allocated to paying a dividend. While different industries have different appropriate payout ratios, typically payout ratios higher than 70% indicate a dividend cut may be on its way, while below 70% means the dividend is likely sustainable and there are additional earnings to support further dividend increases. You can also head over to Apple’s site to see dividends.

10 years of AAPL Dividend History

Year Annual Dividend Dividend Yield Dividend Growth Payout Ratio
2018 $2.92 1.4% 18.7% 25.0%
2017 $2.46 1.5% 10.3% 26.1%
2016 $2.23 1.9% 9.9% 26.2%
2015 $2.03 1.9% 10.0% 21.5%
2014 $1.85 1.7% 9.5% 28.1%
2013 $1.69 2.1% 122.6% 28.7%
2012 $0.76 1.0% 6.0%
2011 $0.00 0.0% 0.0%
2010 $0.00 0.0% 0.0%
2009 $0.00 0.0% 0.0%
2008 $0.00 0.0% 0.0%
2007 $0.00 0.0% 0.0%
2006 $0.00 0.0% 0.0%
2005 $0.00 0.0% 0.0%
2004 $0.00 0.0% 0.0%
2003 $0.00 0.0% 0.0%
2002 $0.00 0.0% 0.0%
2001 $0.00 0.0% 0.0%
2000 $0.00 0.0% 0.0%
1999 $0.00 0.0% 0.0%
1998 $0.00 0.0% 0.0%
1997 $0.00 0.0% 0.0%
1996 $0.00 0.0% -100.0%
1995 $0.02 1.5% 0.0%
1994 $0.02 1.2% 0.0%
1993 $0.02 1.6% 0.0%
1992 $0.02 0.8% 0.0%
1991 $0.02 0.9% 6.7%
1990 $0.02 1.0% 9.8%
1989 $0.01 1.2% 127.8%
1988 $0.01 0.4%

Apple Dividend History QuarterlyQuarterly AAPL Dividend History:

Ex-Dividend Date Quarterly Dividend LTM Yield
11/05/2018  $    0.73 1.4%
09/02/2018  $    0.63 1.6%
10/11/2017  $    0.63 1.4%
10/08/2017  $    0.63 1.5%
11/05/2017  $    0.63 1.5%
09/02/2017  $    0.57 1.7%
03/11/2016  $    0.57 2.0%
04/08/2016  $    0.57 2.1%
05/05/2016  $    0.57 2.3%
04/02/2016  $    0.52 2.2%
05/11/2015  $    0.52 1.7%
06/08/2015  $    0.52 1.7%
07/05/2015  $    0.52 1.5%
05/02/2015  $    0.47 1.6%
06/11/2014  $    0.47 1.7%
07/08/2014  $    0.47 1.9%
08/05/2014  $    0.47 2.1%
06/02/2014  $    0.44 2.4%
06/11/2013  $    0.44 2.3%
08/08/2013  $    0.44 2.5%
09/05/2013  $    0.44 2.4%
07/02/2013  $    0.38 1.7%
07/11/2012  $    0.38 1.0%
09/08/2012  $    0.38 0.4%
21/11/1995  $    0.00 1.2%
16/08/1995  $    0.00 1.1%
26/05/1995  $    0.00 1.1%
13/02/1995  $    0.00 1.1%
18/11/1994  $    0.00 1.2%
15/08/1994  $    0.00 1.4%
27/05/1994  $    0.00 1.6%
07/02/1994  $    0.00 1.3%
19/11/1993  $    0.00 1.5%
16/08/1993  $    0.00 1.7%
28/05/1993  $    0.00 0.8%
12/02/1993  $    0.00 0.9%
30/11/1992  $    0.00 0.8%
17/08/1992  $    0.00 1.1%
01/06/1992  $    0.00 0.8%
14/02/1992  $    0.00 0.7%
18/11/1991  $    0.00 0.9%
19/08/1991  $    0.00 1.0%
20/05/1991  $    0.00 1.1%
15/02/1991  $    0.00 0.8%
16/11/1990  $    0.00 1.3%
20/08/1990  $    0.00 1.2%
21/05/1990  $    0.00 1.1%
16/02/1990  $    0.00 1.2%
17/11/1989  $    0.00 0.9%
21/08/1989  $    0.00 0.9%
22/05/1989  $    0.00 0.8%
17/02/1989  $    0.00 0.8%
21/11/1988  $    0.00 0.5%
15/08/1988  $    0.00 0.2%

**Last update August 2018; we cannot guarantee accuracy.

*LTM dividend yields for AAPL are calculated using the price on the ex-dividend date.

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