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Verizon ranks in The Top 10 in the Sure Dividend system. Click here to see the other Top 10 Dividend Growth Stocks The most recent dividend increase was in September 2015, when the Board of Directors approved a 2.70% increase in the quarterly dividend to 56.50 cents per share.
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.