Binance Reinvests Net Proceeds From Apple’s $0.27 Dividend in AAPLB

Binance credited eligible holders of Apple Tokenized bStocks (AAPLB) with additional tokens after reinvesting the net proceeds from a $0.27-per-share dividend. The payment went to holders’ Spot Wallets rather than being paid in cash.

The $0.27 figure was the gross dividend. Binance deducted taxes and fees, then used the remainder to buy more AAPLB. The distribution follows Binance’s November dividend schedule for four bStocks tokens, which included AAPLB.

AAPLB is a tokenized product tied to Apple stock; holding it does not give investors direct ownership of Apple shares. Binance suspended 1:1 swaps between AAPLB and Apple shares around distribution dates.