Apple is offering a 2.7% yield on its common stock, above the 1.95% yield on the S&P 500. TheStreet broke the news last month that DoubleLine owned Apple. Gundlach had previously been short Apple, saying he believed Apple would fall to $425, which it did, and then some.
Shares of Apple were slightly higher in Tuesday trading, up 0.11% to $451.23. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Chris_Ciaccia