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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by xg15 on Sunday May 10, 2020 @03:39PM (#23135444)
> The stock price might remain tied to the performance of the company in broad strokes, but without regular dividends, sales, or buybacks to tie the stock back to the company, there's nothing to keep it from becoming disproportionate with regards to the company's value.[1]

Total stock market noob here, so apologies if this is a dumb question - but I've wondered this for quite some time: There seem to be some extremely well-performing stocks (e.g. Apple, I believe) that don't pay dividends, don't give you voting rights and are not expected to be bought back anytime soon.

How are those stocks connected to the company at all? As an owner, what do you do with those stocks, except selling them to someone else so he can sell them to someone else in turn?

How do they get their value?

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Re:Why is the stock market rallying when the economy is so bad? by JMTQp8lwXL on Sunday May 10, 2020 @05:42PM (#23136505)
Apple one day might start paying dividends. As the company matures, and growth slows, returning value to shareholders (if no better options exist) is a wise use of capital. Value can be returned via dividends, but also through share buybacks.
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Re:Why is the stock market rallying when the economy is so bad? by mrep on Sunday May 10, 2020 @05:51PM (#23136590)
Apple returned 81 billion dollars to shareholders last year: "During its latest fiscal year that ended in September, Apple bought back $67 billion in stock and paid out $14 billion in dividends" [0].

[0]: https://www.barrons.com/articles/apple-stock-buyback-dividen...

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