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Posted by Will Smith
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Monday, 19 March 2012 18:00 |
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About $100 billion USD worth of dividends ... a nice profit if you invested in Apple 10 years ago.
"Apple has said it will use its cash to start paying a dividend to shareholders and to buy back some of its shares. The technology giant said it would pay a quarterly dividend of $2.65 per share from July.
It will buy back up to $10bn (£6.3bn) of its own shares starting in the company's next financial year, which begins on 30 September 2012. At the end of last year, Apple revealed it had $97.6bn in cash. It expects to use $45bn over the next three years. It is the first time Apple has declared a dividend since 1995."
source: BBC
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