Apple's Stock Closes at All-Time High as Company Pays Out Cash Dividend

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Posted August 17, 2012 at 12:22am by iClarified

Apple's stock closed at an all-time high today, the same day the company paid out its first cash dividend since December 1995, notes MacRumors.

Apple's stock price closed at an all-time high of $636.34 today, passing the prior all-time closing high of $636.23 set four months ago on April 9th. The next day, April 10th, the stock hit an intraday high of $644 and the company's market capitalization breached $600 billion before falling back. Apple's stock price is up nearly 60% on the year, outperforming the NASDAQ by more than 3:1 and the Dow Jones Industrial Average by more than 6:1.

Apple's Board of Directors previously declared a cash dividend of $2.65 per share of the Company's common stock. The dividend was payable today, to stockholders of record as of the close of business on August 13, 2012.

The rise in Apple's stock is also attributed to rumors of a new iPhone, iPad mini, and other devices thought to be unveiled next month.

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Apple's Stock Closes at All-Time High as Company Pays Out Cash Dividend

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King - August 17, 2012 at 6:58am

Is that how much apple is worth ?

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Think first - August 17, 2012 at 12:23pm

That's how much the market think they are worth at this point in time.

Kool Guy - August 17, 2012 at 9:47pm

You think its overrated, but its not. Strong revenues combine with strong net profit, and high growth. Its definitely worth how much it is now. Imagine if they really come out with the iPad mini, the tablet market will not simply be 65% ipad, it will be 90% ipad, and an ever growing iphone market globally. Cmon think about it, no electronics company can ever hold such high percentage share of the market like the iPad (not to mention ipad is not a dirt cheap product, but a luxury one indeed). So the value of Apple is not really a speculated value, it holds concrete evidences to be worth that much.