Data provided by McGregor BFA
All data is delayed
Loading...
See More

Apple plans dividend, share buyback

Mar 19 2012 15:14 Reuters

Related Articles

New iPad seals Apple's tablet dominance

Apple defies gravity as stock hits $600

Apple unveils new iPad, TV box

Apple's market cap tops $500bn

Apple to decide on $98bn cash mountain

 
APPLE said on Monday it will initiate a regular dividend of $2.65 a quarter from July and will buy back up to $10bn of its own shares starting in fiscal year 2013.

The share buyback programme is expected to be executed over three years, with the primary objective of offsetting the impact of employee stock options and equity grants.

"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," said Apple CEO Tim Cook in a statement.

The company said it anticipates using around $45bn of domestic cash in the first three years of its programmes.
apple  |  iphone  |  ipad  |  dividends
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Numsa prepares for life after Cosatu

Numsa has not only reiterated its call for President Jacob Zuma to resign but it is also preparing for life outside of Cosatu, a report states.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...