If you own a lot of shares of Apple stock, today is going to be a great day. For the second time this year, Apple is set to give its investors $2.5 billion worth of dividends. This is the second time Apple’s done a payout this year, with the first payout occurring on August 16th 2012.
Apple announced their $45 billion stock dividend and repurchase plan back in March 2012, and they expect to spend $45 billion over the next three years.
Each share of Apple stock will receive $2.65. Owners of Apple stock should see the payment of the dividend deposited in their 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’s current stock price (AAPL) is at 536.88 -6.02 (-1.11%) per share as of writing this, with the company’s shares holding at a volume average of 5,619.00/21.23
- Source Razorianfly