Today's Hard|Forum Post
Today's Hard|Forum Post

Monday March 19, 2012

Apple To Pay Dividend And Repurchase Shares

It looks like Tim Cook is breaking tradition with his predecessor by implementing a regular quarterly dividend and buying back $10B in company stock. cool

Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012. Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s fiscal 2013, which begins on September 30, 2012.