Apple to pay dividend and buy back shares

. March 19, 2012 . 0 Comments

Apple are to pay dividend and buy back shares, reports the BBC.

Apple has said it will use its cash to start paying a dividend to shareholders and to buy back some of its shares.

The technology giant said it would pay a quarterly dividend of $2.65 per share from July.

It will buy back up to $10bn (£6.3bn) of its own shares starting in the company’s next financial year, which begins on 30 September 2012.

At the end of last year, Apple revealed it had $97.6bn in cash. It expects to use $45bn over the next three years.

It is the first time Apple has declared a dividend since 1995.

Read More

Category: News

Leave a Reply