AAPL Dividend History

AAPL Dividend

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 its high profitability, which underpin apples dividend. Additionally, a large stockpile of cash may also be used to give more profits to shareholders via APPL dividends or via buybacks. On an absolute basis, the dividend is actually quite low, below 2%, which means it is less than the average dividend aristocrat.

AAPL Dividend Increase

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 AAPL 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 $3.2B per quarter, or $12.8B for the full year. While this is clearly a huge amount of money, Apple has $60B 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 $3.2B of cash to shareholders every three months, or nearly $13B 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 $40 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.

Aapl dividend size

Apple Dividend Date 2017

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.

Three more Apple Ex-dividend dates are expected in 2017, the next ex-dividend dates are expected to be, but these could change as we get closer to the date:

  1. May 4, 2017
  2. August 3, 2017
  3. November 2, 2017
  4. February 8, 2018

AAPL Dividend History:

Smart Dividend Stocks has the last 30 years of (NYSE:AAPL) AAPL dividend history and Apple historical dividend 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.

Apple Dividend History

Year Annual Dividend Dividend Yield Dividend Growth Payout Ratio
2016E $2.28 2.2% 12.3% 27.6%
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% 0.0%
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% 20.6%
1988 $0.01 0.8% 70.0%
1987 $0.01 0.5%
1986 $0.00 0.0%

Quarterly AAPL Dividend History:

Apple Dividend History Quarterly

Ex-Dividend Date Quarterly Dividend LTM Yield
8/4/2016  $    0.57 2.1%
5/5/2016  $    0.57 2.3%
2/4/2016  $    0.52 2.2%
11/5/2015  $    0.52 1.7%
8/6/2015  $    0.52 1.7%
5/7/2015  $    0.52 1.5%
2/5/2015  $    0.47 1.6%
11/6/2014  $    0.47 1.7%
8/7/2014  $    0.47 1.9%
5/8/2014  $    0.47 2.1%
2/6/2014  $    0.44 2.4%
11/6/2013  $    0.44 2.3%
8/8/2013  $    0.44 2.5%
5/9/2013  $    0.44 2.4%
2/7/2013  $    0.38 1.7%
11/7/2012  $    0.38 1.0%
8/9/2012  $    0.38 0.4%
11/21/1995  $    0.00 1.2%
8/16/1995  $    0.00 1.1%
5/26/1995  $    0.00 1.1%
2/13/1995  $    0.00 1.1%
11/18/1994  $    0.00 1.2%
8/15/1994  $    0.00 1.4%
5/27/1994  $    0.00 1.6%
2/7/1994  $    0.00 1.3%
11/19/1993  $    0.00 1.5%
8/16/1993  $    0.00 1.7%
5/28/1993  $    0.00 0.8%
2/12/1993  $    0.00 0.9%
11/30/1992  $    0.00 0.8%
8/17/1992  $    0.00 1.1%
6/1/1992  $    0.00 0.8%
2/14/1992  $    0.00 0.7%
11/18/1991  $    0.00 0.9%
8/19/1991  $    0.00 1.0%
5/20/1991  $    0.00 1.1%
2/15/1991  $    0.00 0.8%
11/16/1990  $    0.00 1.3%
8/20/1990  $    0.00 1.2%
5/21/1990  $    0.00 1.1%
2/16/1990  $    0.00 1.2%
11/17/1989  $    0.00 0.9%
8/21/1989  $    0.00 0.9%
5/22/1989  $    0.00 0.8%
2/17/1989  $    0.00 1.0%
11/21/1988  $    0.00 0.9%
8/15/1988  $    0.00 0.8%
5/16/1988  $    0.00 0.7%
2/12/1988  $    0.00 0.7%
11/17/1987  $    0.00 0.6%
8/10/1987  $    0.00 0.2%
5/11/1987  $    0.00 0.2%

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

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