Apple shares hit record high following WWDC Keynote and unveiling of Apple Intelligence

After busting through chart-based resistance at $200, Apple’s shares have made a huge reversal and are currently trading at $205.06 which is a new 52-week high. The stock is up $11.94 or 6.18% today giving the company a valuation of $3.14 trillion. With the rally, Apple has reclaimed its title as the most valuable U.S. publicly traded company. For a brief period last week, chipmaker Nvidia rode the AI coattails to a market cap of $3.012 trillion which at that moment was ahead of Apple’s $3.003 trillion.

But that has now changed as Apple’s intra-day high of $205.45 today is now an all-time record for the stock which had its initial public offering (IPO) on December 12th, 1980. While the IPO price was $22 per share, the company has split its shares five times. After accounting for a 4-for-1 split in 2020, a massive 7-for-1 split in 2014, and 2-for-1 splits in 2005, 2000, and 1987, the split-adjusted IPO price is 10 cents a share.

Apple’s investor relations website passes along delayed stock quotes

Apple currently pays a 25 cents quarterly dividend per share that was last paid on May 16th to stockholders of record as of May 13th. Before that last dividend payment, Apple was paying a dividend of 24 cents per share quarterly. The current yield of the stock based on a $205 stock price is less than .5%. And in case you are wondering who owns the most Apple shares, as of April 2024 that distinction belonged to Vanguard, the mutual fund group which owned 1,317,966,471 shares or  8.47% of the company.