toggle

AAPL Stock: 122.99 ( -0.39 )

Printed from http://www.macnn.com

First round of Apple dividend payouts to start on Thursday

updated 04:21 pm EDT, Tue August 14, 2012

Company resisted dividend calls for years

On Thursday, Apple will begin issuing the first batch of its recently-promised dividend payments to investors. The company announced the plan in March, and later set a date of August 16th for payouts to start. To qualify, though, people must have been shareholders on or before August 13th.

While Apple has paid out dividends in the past, for many years the company actively resisted the idea, piling up tens of billions of dollars in cash reserves. A part of that money went towards buying businesses like Quattro and PA Semi, but even then Apple has continued to rake in so much that its reserves now sit in excess of $117 billion. Another use of Apple's cash has been securing supply deals that allow higher profit margins and/or keeping the prices of products stable.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented