Apple announces dividend plans and $10 billion share buyback, will spend $45 billion in three years
Doris Medina
12:09, Feb 4, 2016
Apple has announced its plans for its financial call later today, announcing plans to initiate a dividend and share repurchase program commencing later this year.
Going before the Board of Directors, Apple will initiate a quarterly dividend of $2.65 per share in its fiscal fourth quarter, which begins on July 1, 2012, having already authorised a $10 billion share repurchase program which will commence in the company’s fiscal 2013, which begins on September 30, 2012.
The repurchase program will be executed over three years, which will “neutralise the impact of dilution from future employee equity grants and employee stock purchase programs.”
Apple CEO Tim Cook said:
“We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You’ll see more of all of these in the future.
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