Binance deducted taxes and fees from Apple’s $0.27 gross dividend per share, used the balance to buy more AAPLB, and credited the tokens to eligible users’ Spot Wallets.
AAPLB gives holders exposure to Apple stock without transferring ownership of the underlying shares. Binance included the Apple-linked token in a November dividend schedule covering four bStocks tokens.
The $0.27 rate was the gross amount per Apple share. Taxes and fees reduced the proceeds available to buy more AAPLB.
EconoTimes previously covered a similar Binance dividend-reinvestment plan for ASMLB and NOKB holders.
