Who Gets Apple's Profits and Dividends?
A Unique Perspective on Apples Earnings & Distribution Announcement
He adds, "Think of this as part of the economic sleeper story of the 20th Century. Ownership of big business, the big public corporations, has shifted from rich people to the middle class. Through their pension funds and mutual funds, the middle class collectively own a majority of shares in many Fortune 500 companies, including Apple and McDonald's."
"Since these investors are known as institutional investors, few know about the new clout they wield, or the profits they collect," says Abbott. "Apple will pay out more than $10 billion in 2014, through dividends and share buybacks. Of that amount, some 60% is expected to go to institutional investors, which is to say, to the middle class, by way of pension funds and mutual funds."
Apple's earnings and dividend announcement on January 28, 2014 is examined at the http://peopleprofitspensions.com website.
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