As per Apple Inc. (NASDAQ:AAPL)’s news release on 2016-07-27, its shareholders will get cash dividend of $0.57 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-08 and 2016-08-11, respectively.
The stock will commence trading ex-dividend from 2016-08-04, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Apple Inc. (NASDAQ:AAPL) disbursed $0.57 in dividend compared to distribution of $0.57, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 9.306%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Apple Inc. (NASDAQ:AAPL) to attain a price target of $123.125. It is an average estimate figure given by 24 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $168. The low price range is set at $85 for next year while the arithmetic mean is seen at 1.5.
Eyeing Earnings Apple Inc. (NASDAQ:AAPL) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.64 for the period ending on 2016-09-30.
In last quarter ended 2015-09-30, Apple Inc. (NASDAQ:AAPL) earnings came at $1.42 suggesting a deviation of $0.03. The brokerages targeted EPS of $1.39 for the quarter.
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