Apple has been around since 1976 and just now getting around to declare a dividend. I say it is about time. With the huge cash hoard of 137 billion it is hoarding cash that could be recirculating in the economy for investors the push stocks even higher by 2020. When we will have a huge asset bubble akin to the dot com bubble and another huge oil rally 300 dollar a barrel oil to burst this coming bubble. With apple poised to dominate the phone and pad market for the foreseeable future one has to ask yourself if you by more at a 9 p/e, which I am going to do, or reinvest in gold, price target of 3141 by 2020, or some other stock like Facebook.