toggle

AAPL Stock: 129.88 ( -0.66 )

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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softb ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to myriad cloud storage solutions available. There is no doubt that over ...

Leitz Icon Label Printer

When you say the words "label printer" to people, they either just really don't care, or they get incredibly excited. This is one o ...

toggle

Most Commented