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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




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