toggle

AAPL Stock: 123.25 ( -0.99 )

Printed from http://www.macnn.com

Latest Apple dividend payment distributes over $2.8B to shareholders

updated 04:15 pm EDT, Thu May 16, 2013

Begins more aggressive dividend plan

Apple is today paying out its latest dividend to shareholders. The amount is rated at $3.05 per share, translating into a total of about $2.867 billion for all of the company's 940 million outstanding shares. To be eligible for the dividend, a person must have been a shareholder by May 13th; because qualifying purchases must be settled though, realistically, any stock must have been bought no later than the 8th.

The new payout represents Apple's first under a more aggressive cash return plan. The company has already made three dividend payouts since last August, but those were rated at $2.65 per share. In all the company is hoping to return $100 billion to shareholders by the end of 2015, using a mix of dividends and stock buybacks. It is going into debt to finance the plan, mainly to dodge paying taxes on offshore cash.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill th ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

toggle

Most Commented