Apple confirms plans for dividend, share buyback

News Wireless Global 19 MRT 2012
Apple confirms plans for dividend, share buyback
Apple announced plans to start paying shareholders dividends and spend up to USD 10 billion on a share buyback. Apple said it will start paying a quarterly dividend of USD 2.65 per share sometime in its fiscal fourth quarter, which starts on 01 July. The repurchase of the company's shares will start in fiscal 2013, which begins on 30 September, and will take over three years to reach the target amount. The main aim of the buyback is to offset earnings dilution from the issue of stock and options to employees, Apple said. CEO Tim Cook said the company will continue to invest in operations as well, and even after the shareholder remuneration, will maintain a "war chest for strategic opportunities". Overall, the shareholder remuneration is expected to cost USD 45 billion in the first three years. The company had almost USD 100 billion in cash and short-term investments at the end of 2011.

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Mobile

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Apple

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Shareholders & subsidiaries, Consumer devices, Finance, Handsets

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