In 2015 the price of Apple Inc common stock was around $100 and the dividend was $1.82 per share annually. Since 2015 the price of the Apple common stock has risen to just over $200 and the dividend has increased to $2.92 per share annually.
The capital return has been a double and the income from the stock has gone up 60% in three years. In the same time period the number of shares in Apple has declined around 10% as a result of Apple’s buyback program.
Apple has just released Q3 Earnings for 2018 and it is possible to get an estimate of earnings around $11 per share for the financial year 2018. So the question now is whether value investor can make an investment in Apple’s common stock at a price over $200.
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