I need my utility company. They are on auto-pay. They scare me with their power. I have no idea how the grid works or trust how I am being charged. I assume we will gang up if things get out of line.
Now Apple has stepped further into the utlity space with their dividend. They have so much cash they can give it back to you. Yawn.
My iPhone is the best utility and best friend. It gives me information, news, photos,directions…magic at will. If I could only drink water from it.
At minimum the dividend today is a sign of confidence in their cash flow and a pander to all the dividend and income funds that have missed this run to come get some.
At worst it’s a sign of the top as it was in 1987…the LAST time $AAPL paid a dividend. If you are a broker or financial advisor there is a new reason for your oldest and meanest clients to call you and berate you for not owning the stock. Yay old people.
As a shareholder, I won TODAY. The stock was up 2 percent and I have a 10 percent dividend coming my way.
Let the double taxation begin!