Dividend-Paying Apple May Tempt Investors Today
Apple Inc. (Nasdaq: AAPL) offers a dividend yield of 2.4%, has fallen in price more than 8% so far this year and later this month will pay a dividend to shareholders of record today. The company that makes the popular iPhone and iPad products goes ex-dividend Thursday, giving investors interested in the stock to consider buying shares today. The company’s share price actually is up roughly 1 percent to trade at $514.40 at 1:20 p.m. EST. The uptick shows investors do not seem to be worried about today’s court decision in Germany that Apple faces a claim of $2.1 billion in damages from a German patent owner that alleges its cellular phone technology was infringed by the American tech giant. IPCom GmbH accuses Apple of using a patent for technology that gives emergency calls priority on mobile networks, even though IPCom obtained the patent in 2007 from Robert Bosch GmbH, a German automotive-parts company. The claim only pertains to Apple’s alleged infringement involving devices sold in Germany.
