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All posts tagged "dividend"


Monday, March 19, 2012

Apple Announces Dividend and Stock Buyback Program This Morning

Posted by Jeff Campbell in "Apple News" @ 08:50 AM

http://www.macobserver.com/tmo/arti...=rss_everything

"Apple announced it a shareholder dividend and stock buyback program on Monday, and Sterne Agee analyst Shaw Wu thinks the plan is a good idea. Company CEO Tim Cook and CFO Peter Oppenheimer discussed the program during a special conference call with analysts early Monday morning."

Apple has built up a cash surplus of $97 billion dollars from short term investments, so it really had to do something with all that money. Before the fiscal year ends this fall, Apple will start the $2.65 USD per share dividend, as well as a program to buy back roughly $10 billion in shares before the end of the calendar year. Good news for stockholders.


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