This is primarily out of curiosity.. whilst I do invest based on stock movement I am not likely to invest in aapl. I was just wondering, why does apple not pay dividends, at all? When did this start? Why did it start? I've looked and I can't seem to find anywhere where apple has given a reason. Partly why I won't invest.. even though many short term investors don't intend to profit on the dividends they still know they are ultimately what fuels the stock price.. so to me because aapl is unlikely to ever be met with a takeover bid it is infinitely overvalued. Its almost like its just one big collaboration of investors that all know it is pretty much a game. But anyway, back to my question, anyone got any answers?!?