Apple Shares Attracting More Retail Investors Than Ever Before (AAPL)
Following its recent share price decline and the announcement that it would boost payouts to shareholders, more retailer investors are pouring money into tech giant Apple Inc. (AAPL) than ever before, according brokerage firm to TD Ameritrade.
TD Ameritrade said more of its clients own Apple shares now than at any other point. Many of these retailer investors taking positions in Apple are first-time buyers who are enticed by the seemingly low entry-point and the potential dividend and share buyback returns.
Now, Apple is the second most widely held stock by TD Ameritrade clients, only behind General Electric (GE). However, in terms of total dollars invested, Apple is by far the most widely held.
After being scrutinized by investors and analysts, Apple finally announced in April that it plans to return over $100 billion to shareholders over the next few years. Part of this plan is paying out an increased divided as well as buying back $60 billion worth of shares.
Furthermore, Apple shares had fallen about 42% from its all-time high in September until April 23, when the company announced its capital return plans. As such, investors saw an attractive buying opportunity for a popular stock that could appreciate.
Apple shares were down $1.47, or -0.32%, during pre-market trading on Monday. The stock is down -14.88% year-to-date.
The Bottom Line
Shares of Apple (AAPL) have a dividend yield of 2.69% based on Friday’s closing price of $452.97 and the company’s annualized dividend payout of $12.20 per share.
Apple Inc. (AAPL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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