Apple announced a $45 billion stock dividend and repurchase plan back in March, and the company starts paying its investors today, August 16th. $2.65 per share will be payed out for all owned shares of record as of Monday, August 13th.
Today marks the first dividend Apple has payed out since 1995. If you own Apple stock, you should see the payment deposited in your brokerage account before the day is over.
“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,” said Apple CEO Tim Cook earlier this year. “You’ll see more of all of these in the future.”
“Combining dividends, share repurchases, and cash used to net-share-settle vesting RSUs, we anticipate utilizing approximately $45 billion of domestic cash in the first three years of our programs,” added Apple’s CFO Peter Oppenheimer. “We are extremely confident in our future and see tremendous opportunities ahead.”
Apple reported $7 billion in profit for Q3 2012, and the company is expected to see a huge upswing in revenue when the next iPhone goes on sale this fall.
AAPL currently sits at $636.34 per share on the NASDAQ, an all-time high.Related