Apple rules the S&P 500 with highest weighting for any company in over 40 years

Apple, the largest company in the world by stock market value, with $ 2.7 trillion, this week accounted for 7.3% of the S&P 500 Index. This is the highest weighting for any stock in the index. based on records dating back to 1980, according to the S&P Dow Jones indices.

Stock chart

Andrew Bary for Barron’s:

Apple’s weighting now surpasses that of all other major S&P 500 companies over the past four decades. On that list are IBM, Exxon Mobil, General Electric, and AT&T, each benefiting from a different phase of US economic history.

Apple has the largest profits of any company in the S&P 500 and pays the largest dividends. The iPhone maker is expected to earn nearly $ 100 billion after tax in its current fiscal year, which ends in September.

Shareholders will be paid quarterly dividends on Thursday. Berkshire Hathaway, the No. 3 with 915 million shares, will receive approximately $ 200 million of the approximately $ 3.7 billion Apple is disbursing.

Note from MacDailyNews: On July 28, Apple’s board of directors declared a cash dividend of $ 0.23 per share of the company’s common stock (AAPL). The dividend was paid on August 11, 2022 to shareholders registered at the close of business on August 8, 2022.

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