Apple Inc. (NASDAQ:AAPL) SVP Angela J. Ahrendts sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $100.00, for a total value of $5,000,000.00. Following the completion of the transaction, the senior vice president now directly owns 147,971 shares in the company, valued at approximately $14,797,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 5th. This is a boost from Apple’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 2.28%.
Source: American Banking and Market News