So less than 24 hours after setting a new level of market capitalisation at $623bn Apple also completes its return to dividend payments following the company's announced intention in March (Stock update: Apple resumes dividends for first time since 1995.).
The dividend landed in my portfolio yesterday.
$623bn means that Apple has become the stock markets most highly valued company ever as it eclipses the dot.com driven $621bn achieved by Microsoft way back in 1999.
Of course as commentators are rightly qualifying the comparison does not account for inflation but, by the same token how inflationary was the bubble which drove Microsoft to those levels.
Anyway, Apple's return to dividend payments now means that all my portfolio holdings pay dividends (July 2012: Portfolio update.).
If all continue to meet or beat consensus forecasts then it suggests that my portfolio will have a yield of around 4% if held for the next 12 months.
Long may it continue.
Related posts:
- Stock update: Apple resumes dividends for first time since 1995.
- July 2012: Portfolio update.
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