Saw another pretty good day across the market. Two dividend companies I want to point out today that showed some released some solid news.
One of my favorite stocks Apple Inc (AAPL) actually crossed the $100 a share mark, which is the highest it has ever been. This includes backtracking it before the 7:1 stock split in June. Apple consistently shows it delivers great products and this bodes well for long term investors. Especially since Apple is a cash generating machine and they are becoming more shareholder friendly with each passing quarter. Moving forward, I really hope to see Apple crank up their dividend yield and provide even greater returns to their shareholders.
In other news, Home Depot Inc. (HD) released amazing quarterly earnings today posting $1.52/share profit compared to analysts estimates of $1.44/share. This represents a 22.6% YOY increase. They also announced that they would be raising their earnings guidance by $0.10 to $4.52 EPS for all of 2014. This is the second time this year they have raised earnings guidance, which shows great momentum moving forward as the housing market recovers and consumer spending increases.
Well, that’s enough for a quick recap. You can check out the entire video below!