Tuesday, March 20, 2012
Mashable Business: Apple to Spend $45 Billion on Dividend and Share Buyback
Ahead of today’s call, Apple has announced it plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which starts July 1, 2012.
Furthermore, the company will start a $10 billion share repurchasing program, starting in Apple’s fiscal 2013, which starts on September 30, 2012.
This means Apple will spend approximately $45 billion of its cash reserves on dividends and share buyback in the first three years of these new programs…http://mashable.com/2012/03/19/apple-dividend/
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