A statement by Apple this morning has confirmed the company will start paying dividends to investors and buy back US $10 billion in shares starting this year.
Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s fiscal 2013, which begins on September 30, 2012.
Additional details will be available during Apple’s conference call which begins Monday at 6:00 a.m. PDT. You can listen to the call on Apple’s website, or follow along with our liveblog kicking off shortly.
Apple plans to initiate dividend and share repurchase program originally appeared on TUAW – The Unofficial Apple Weblog on Mon, 19 Mar 2012 08:45:00 EST. Please see our terms for use of feeds.
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