- Current Price: $512
- YTD: -8%
- Percentage below 52-week high: 12%
Shareholders weren’t very happy when Apple (AAPL) reported fewer-than-expected iPhone sales in the first quarter of fiscal 2014. After all, 56% of Apple’s revenue is attributed to smartphones and coming up 4 million short did make a dent in year-over-year growth in that segment.
However, we’ve seen this ebb and flow so often and for so many years, it’s hard to imagine Apple stock won’t bounce back with authority once another Apple gadget or cool version of the iPhone are rumored to be in development.
Over the past year, Apple has been paying out around $2.5 billion in dividends every quarter, a figure that increased 15% to $2.8 billion last year when Apple increased dividend payments to the holders of its 892.55 million outstanding shares. At the current stock price of $514, the dividend yield is 2.37%.