It's well-known Apple has been moving towards a "net cash neutral" position for years, which is done with dividends or buy backs. Both return capital to share

It's well-known Apple has been moving towards a "net cash neutral" position for years, which is done with dividends or buy backs. Both return capital to share holders but dividends yields a negative impact to their Market Value since it's dispensing their profits outside of the company. AAPL is currently valued at a 20.38 P/E ratio, the lowest of all FAANG stocks, hardly overvalued.