The Ring of Fire includes more than 450 volcanoes. It stretches for nearly 25,000 miles, running in the shape of a horseshoe (as opposed to an actual ring) from the southern tip of South America, along the west coast of North America, across the Bering Strait, down through Japan, and into New Zealand.
Well, when IBM raised its dividend to $1.10 from $0.95 a year ago, that was a dividend hike of almost 16%. When the dividend went to $0.95 from $0.85 in 2013, that was a hike of almost 12%. And in 2012, the dividend hike to $0.85 from $0.75 was a payout raise of 13%.
A dividend is a boon to shareholders, including Apple employees, who have already seen the companyâs stock rise 48 percent this year. Fidelity Management, Appleâs largest shareholder, will make $128.81 million each quarter from the dividend, based on its holdings as of Dec. 31.It was high time to do this,â said David Rolfe, chief investment officer of Wedgewood Partners Inc., which holds Apple shares. The dividend will cost Apple about $10 billion a year and represents a yield of 1.8 percent on the stockâs closing price today.