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Apple’s plans for $100B cash reserve: $10 billion stock repurchase, $2.65 quarterly dividend

Apple on Monday hosted a conference call to reveal the fate of at least some of the $100 billion in cash and cash equivalents the company has amassed over the past few years. Apple announced that it plans to repurchase $10 billion of stock over the next three years, in addition to paying out a $2.65 quarterly dividend. The company’s press release follows below. Developing… Apple Announces Plans to Initiate Dividend and Share Repurchase Program Expects to Spend $45 Billion Over Three Years CUPERTINO, Calif.
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Apple Will Initiate Share Repurchases To Increase Dividends (And Boost Apple Shares)

Technology : TechCrunch (last year)

Apple now has $145 billion in cash and it needs to do something about it. That’s why Apple CEO Tim Cook just announced that the company will initiate a stock buyback. It means that Apple will used part of its cash to repurchase exis... Read Post

Apple: Good Start; And What About The Overseas Cash?

Technology : The Tech Trade (2 years ago)

Apple this morning gave what amounts to a partial answer on how it will spend its large cash pile. With the new $2.65 a share quarterly dividend asnd a $10 billion three-year stock repurchase plan, the company will be giving back ab... Read Post

Apple Will Tell Us Monday How It Plans To Use Its $100B In Cash

Technology : TechCrunch (2 years ago)

Everyone has been wondering what Apple will do with its outsized cash reserves -- currently at just under $100 billion. Tomorrow the company will hold a conference call to tell the world what that will be. "Tim Cook, Apple’s CEO, an... Read Post

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