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In a research note circulated to investors on Monday, Oppenheimer Asset Management chief technician Carter Worth noted that Apple (NASDAQ:AAPL) was possibly a “battered beauty ready to rebound.” And he may be right. While shares of the iPhone maker began last week by hitting a 52-week low of $419, the stock ended the week in the green. With generally more positive buzz surrounding the company, Apple continued to etch out gains on Monday, ending the day up $6.16, or 1.42 percent, at $437.87. Here’s a cheat sheet to today’s top Apple stories:
Will Apple Heat Up on the NASDAQ Tech Dividend Index?
Apple may be on its way into the First Trust NASDAQ Technology Dividend Index Fund (NYSE:TDIV) after its addition to the NASDAQ Technology Dividend Index. Last year, Apple began giving a $2.65 per share payout each quarter, which amounted to a 2.5 percent dividend yield. That value was enough to get the company listed on the NASDAQ Technology Dividend Index, but it couldn’t jump on immediately, as the company needed a track record first. Now, Apple will be able to join the index on Monday, March 18.
Having Apple added to the index is a good sign for shareholders who enjoy dividends, and it also shows the continued strength of the technology sector to produce modest dividends… (READ MORE” target=_blank>READ MORE.)
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