Apple Inc. (AAPL) will pay its first dividend in 17 years and buy back $10 billion in stock, heeding investors who urged it to return part of the $97.6 billion in cash amassed by robust demand for iPhones and iPads.
Shareholders will receive a quarterly dividend of $2.65 a share starting in the period beginning July 1, Cupertino, California-based Apple said today in a statement. The buybacks will begin in the fiscal year starting Sept. 30 and happen over three years, the company said.
Apple’s dividend may provide a short-lived economic boost to some pockets of the economy, said Richard Sichel, CIO of Philadelphia Trust Co., which manages $1.6 billion and holds Apple in some funds. Photographer: David Paul Morris/Bloomberg
March 19 (Bloomberg) -- Tim Cook, chief executive officer of Apple Inc., speaks on a teleconference about the company's plans to initiate a quarterly dividend of $2.65 a share and buy back $10 billion of stock and talks about the benefits of the moves. (This is an excerpt. Source: Bloomberg)
March 19 (Bloomberg) -- Apple Inc., the maker of the iPhone and iPad, plans to initiate a quarterly dividend of $2.65 a share and authorized a $10 billion share buyback, moves that return some of its $97.6 billion in cash and investments to shareholders. Dominic Chu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
March 19 (Bloomberg) -- Paul Hickey, co-founder of Bespoke Investment Group, talks about Apple Inc.’s plans to pay a dividend and buy back $10 billion of its stock, returning some of its $97.6 billion in cash and investments to shareholders. He speaks with Betty Liu, Dominic Chu and Josh Lipton on Bloomberg Television's "In the Loop." (Source: Bloomberg)
March 19 (Bloomberg) -- Bloomberg's Cris Valerio reports that Apple Inc. plans to pay a dividend and buy back $10 billion of its stock, returning some of its $97.6 billion in cash and investments to shareholders as demand for iPhones and iPads boosts earnings. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
March 19 (Bloomberg) -- Mike Abramsky, an analyst with RBC Capital Markets, talks about Apple Inc.'s announcement today that it plans to initiate a quarterly dividend of $2.65 a share and authorized a $10 billion share buyback. Abramsky speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
March 19 (Bloomberg) -- Barton Biggs, managing partner and co-founder of Traxis Partners LP, talks about Apple Inc.’s announcement today that it plans to initiate a quarterly dividend of $2.65 a share and authorized a $10 billion share buyback. Biggs speaks with Betty Liu and Dominic Chu on Bloomberg Television's "In the Loop.” (Source: Bloomberg)
March 19 (Bloomberg) -- Scott Kessler, head of technology equity research at Standard & Poor’s, talks about Apple Inc.'s plans to pay a dividend and buy back $10 billion of its stock, returning some of its $97.6 billion in cash and investments to shareholders as demand for iPhones and iPads boosts earnings. Kessler speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
March 19 (Bloomberg) -- Lawrence Haverty, a portfolio manager at Gamco Investors Inc., talks about Apple Inc.’s announcement today that it plans to initiate a quarterly dividend of $2.65 a share and authorized a $10 billion share buyback. Haverty speaks with Betty Liu on Bloomberg Television's "In the Loop.” (Source: Bloomberg)
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