When asked today why it was going to begin paying out an ongoing quarterly dividend of $2.65 per share to stockholders, one reason Apple cited for the new plan was that it wanted to “generate income” for its investors, and consequently attract investors for whom a dividend was an investment necessity.
It got us thinking. Apple says it wants to generate income for its shareholders, but $2.65 per quarter per share is a pretty small amount. How much stock would you need to own to even earn minimum wage from dividend payments?
The answer might surprise you, and will surely put into perspective the size of the investments Apple is hoping to attract.