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Key News Summary
Apple Inc. (NASDAQ: AAPL) declared a quarterly dividend of $0.26 per share in mid-August 2023, amounting to an annualized dividend of $1.04 per share. To earn $1,000 annually in dividends, investors would need to hold at least 962 shares, costing approximately $223,722 based on recent stock prices.
Despite a low dividend yield of 0.5%, Apple continues to generate substantial revenue, with its services sector accounting for 29% of total revenue. This growth in services contrasts with sluggish revenue from device sales, prompting some skepticism about the company’s future growth potential.
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