For those who are trying to come up with a catchy negative headline, I'm afraid you are overreaching in your contrarian efforts. Today's announcement has been years in the making and as usual, Apple got it right.
What is the purpose of an Apple dividend? There's only one. It's all about unlocking shareholder value by making this stock attractive to income investors. Did Apple accomplish its objective? Yes. Did the company overreach by issuing a dividend that was larger than expected? No. An aggressive dividend would have sent the wrong signals from management.
|Apple CEO Tim Cook.|
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