Some good news for Berkshire shareholders? Another Apple dividend payout.
Warren Buffett could be the recipient of a few extra high-fives walking into the Berkshire Hathaway annual general shareholder meeting this weekend, thanks to the conglomerate’s No. 1 holding, Apple Inc.
The tech giant AAPL late Thursday reported forecast-beating second-quarter revenue and earnings, thanks to a rebound in iPhone sales. Even better for Berkshire Hathaway BRK.A BRK.B , which first bought Apple in 2016, was news Apple was lifting its dividend by 4%. He said Apple buybacks at the end of last year had increased the company’s ownership. “The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up,” Buffett wrote. “Every small bit helps if repurchases are made at value-accretive prices.”
“And I don’t know whether when I look at my iPhone, I don’t know whether it’s some little guy inside that’s doing anything. I don’t know the technical aspects at all. But I know that at the Nebraska Furniture Mart, if we don’t have the Apple product, people leave the store and go someplace else,” he added.
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