Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.
Apple Inc will start paying a regular quarterly dividend of $2.65 a share in July and buy back up to $10 billion of its stock beginning in the next fiscal year, the world's most valuable company said on Monday.
Apple Inc said it plans to pay a quarterly dividend of $2.65 per share and authorized a $10 billion stock buyback program to be carried out over three years.
As the world's largest company with a market cap of more than half a billion dollars, Apple Inc. [AAPL] is sitting on a large pile of cash upwards of $100 billion and decided Monday to institute a $2.65 a share quarterly dividend and buy back $10 billion in stock, the tech behemoth announced today.
CEO Tim Cook decided on a new course for the Cupertino, Calif., company regarding shareholders. We have plenty of cash to run our business, he said.
Apple Inc, the world's most valuable company, said Monday it will initiate a regular quarterly dividend of $2.65 a share in July and will buy back up to $10 billion of its stock starting in fiscal 2013.
Apple announced it will repurchase as many as $10 billion worth of shares now. Later this year, it plans to pay an initial dividend of $2.65 a share.
Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995.
Apple, whose stock is currently trading at $585, has announced that it will be holding a conference call on Monday morning to discuss the company's plans for its approximately $100 billion in cash reserves.
With Apple issuing a statement that it will make an announcement Monday regarding the discussions about its cash balance, there is high expectation that this time it will pay a dividend.
Apple Inc. -- the world's most valuable publicly traded company by its market capitalization of $545.97 billion -- will conduct a conference call to announce the outcome of discussions concerning its cash balance on Monday at 9 a.m. EDT, which is before the U.S. equity-market open.
Apple Inc. said it would host a conference call on Monday morning to discuss the outcome of discussions about its cash balance as investors clamor for a return from its massive holdings.
Apple Inc said it would host a conference call on Monday morning to discuss the outcome of discussions about its cash balance as investors clamor for a return from its massive holdings.
Apple co-founder Steve Wozniak doesn't have to be like the rest of us to get his new iPad, but he wants to be one of the real people.
The newest gadget hits stores on Friday.
Apple shares hit an all-time high of $600 on the Nasdaq on Thursday, after the new iPad went on sale in Australia Friday morning.
Apple Inc's new iPad went on sale in Australia early on Friday, greeted by throngs of fans hungry to get hold of the U.S. consumer giant's latest, 4G-ready tablet computer.
Shares of Apple hit $600 for the first time, boosting the computer and electronics developer’s market capitalization above $560 billion.
Apple Inc's new iPad went on sale in Australia early on Friday, greeted by throngs of fans hungry to get hold of the U.S. consumer giant's latest, 4G-ready tablet computer.
Apple might have more cash than the U.S. government, but a wave of disillusionment with the seemingly magical tech giant may be underway. The latest example includes a class-action lawsuit over its false and misleading Siri advertisements.
Although fans are anticipating the new Apple iPad that hits stores tomorrow, the electronics company may have another surprise to unveil in the near future. An unnamed Samsung official said that Apple will be obtaining parts from the Korean company for various devices in 2012, according to The Korea Times.
Apple Inc is seeing record pre-orders for its latest iPad with wait times for shipping the tablet now reaching two to three weeks, said Canaccord Genuity analysts, who now expect the company to sell 65.6 million iPads this year.
