• Please be sure to read the rules and adhere to them. Some banned members have complained that they are not spammers. But they spammed us. Some even tried to redirect our members to other forums. Duh. Be smart. Read the rules and adhere to them and we will all get along just fine. Cheers. :beer: Link to the rules: https://www.forumsforums.com/threads/forum-rules-info.2974/

Apple announces dividend & stock repurchase

JEV

Mr. Congeniality
GOLD Site Supporter
Apple announces dividend, stock buyback

By Pat May

pmay@mercurynews.com



Posted: 03/19/2012 06:11:05 AM PDT
Updated: 03/19/2012 08:59:00 AM PDT
The world's most valuable publicly traded company has finally found something to do with all that cash.
In a conference call early Monday, Apple (AAPL) CEO Tim Cook announced that the Cupertino company would initiate a dividend and share repurchase program beginning later this year, using $45 billion of its nearly $100 billion cash on hand.
Subject to the board's approval, Cook said the company plans to offer a quarterly dividend of $2.65 per share sometime in its fiscal fourth quarter, which begins July 1.




More
 
Top