“Flush with billions in cash it simply can’t spend fast enough, Apple has begun the process of issuing its first quarterly dividend to shareholders in 17 years,” Daniel Eran Dilger reports for AppleInsider.
“Apple announced its plans for a new dividend program in March, alongside a $10 billion share buyback program. Each quarter, the company stated it will pay its shareholders a $2.65 per share dividend,” Dilger reports. “Shareholders of record as of Monday August 13 will be paid dividends on Thursday, the company has announced.”
Dilger reports, “Over the next three years, Apple has stated that its buyback and dividend plans will distribute $45 billion from its cash pile. Across the company’s 935 million outstanding shares, the quarterly dividend will amount to nearly $2.5 billion in payments to investors each quarter. “