Apple Inc. (AAPL): Did You Buy Before It Went Ex-Dividend?


Apple Inc. (NASDAQ:AAPL) investors who wanted to get in on the company’s increased dividend for the first quarterly payment have missed their chance if they didn’t buy the stock on Wednesday. The company announced that it would raise its dividend 15 percent to shareholders of record on Monday.

Apple Inc. (AAPL): Did You Buy Before It Went Ex-Dividend?

However, in order to be on record Monday, the stock had to have been bought by Wednesday, according to Fortune’s Philip Elmer-DeWitt. Stock transactions don’t settle until three days later, so in order to be a shareholder of record by Monday, investors had to buy their Apple Inc. (NASDAQ:AAPL) shares Wednesday.

Tollymore Investment Partners 2Q20 Letter: ESG ≠ sustainable investing

Tollymore Investment PartnersTollymore Investment Partners letter to investors for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear partners, Tollymore generated returns of +19% in the first six months of 2020, net of all fees and expenses. Investment results since inception are shown below: Tollymore's Raison Detre Tollymore is a Read More

Apple’s Real Value Is In Long Term Investment

Shares of Apple Inc. (NASDAQ:AAPL) have risen over 18 percent since the company announced that it would raise its dividend to $3.05 per share and increase its stock repurchasing. Of course the real value for investors in Apple is the company’s long term potential, so the stock price only rose 1 percent during the trading day Wednesday. Investors who were planning on buying the stock soon likely did so. They probably wouldn’t be rushing around to get in on that $3.05 per share dividend.

Several well-known investors have been buying shares of Apple Inc. (NASDAQ:AAPL) based on how much they’ve fallen since their all-time high back in September. David Einhorn, who criticized the company’s previous capital allocation policies, said earlier this week that he increased his stake in Apple. Ortune’s Stephen Gandel also reported that Bill Miller of Legg Mason and Whitney Tilson have also increased their stakes in the company. In addition, Bloomberg reports that Alisher Usmanov, the richest man in Russia, purchased $100 million worth of Apple Inc. (NASDAQ:AAPL) shares recently.