UPDATE: Apple (AAPL) Initiates $2.65/Share Qtr. Dividend, Stock Buyback Plan
Tweet Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $431.77 -0.05%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Trade AAPL Now!
(Updated - March 19, 2012 8:34 AM EDT)
Apple (Nasdaq: AAPL) plans to initiate a dividend and share repurchase program commencing later this year.
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. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Apple (Nasdaq: AAPL) plans to initiate a dividend and share repurchase program commencing later this year.
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. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apple (AAPL) Issues Rare Comment on Commitment to Consumer Privacy
- Pfizer (PFE) Gets $2.15B from Teva (TEVA), Sun in Protonix Patent Settlement
- Top 10 News for Week Ended 06/14: U.S. Outlook Improves; Cooper Tire Gets Offer; lululemon on CEO Hunt
Create E-mail Alert Related Categories
Dividends, Hot Buybacks, Hot Corp. News, Hot Dividends, Stock BuybacksRelated Entities
Dividend, Stock Buyback
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
