toggle

AAPL Stock: 524.94 ( + 5.93 )

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

MacNN Sponsor

Recent Reviews

Booqpad for iPad Air

Before we get rolling, I'll confess: I've never understood the purpose of cases like the Booqpad. If you've got a tablet, surely p ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

toggle

Most Commented