Apple Inc. (AAPL) To Go Ex-Dividend on February 9th

Apple Inc. (NASDAQ:AAPL) declared a quarterly dividend on Thursday, January 29th. Investors of record on Monday, February 9th will be paid a dividend of 0.26 per share by the iPhone maker on Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, February 9th.

Apple has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Apple has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Apple to earn $8.20 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 12.7%.

Apple Trading Up 0.5%

Shares of NASDAQ AAPL opened at $259.48 on Friday. Apple has a 1 year low of $169.21 and a 1 year high of $288.62. The stock has a market cap of $3.81 trillion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.40 and a beta of 1.09. The firm has a 50-day moving average of $268.38 and a 200 day moving average of $251.42. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 171.22%. The business had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. During the same quarter in the prior year, the company earned $2.40 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts expect that Apple will post 7.28 EPS for the current fiscal year.

About Apple

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.