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.
Apple is about to answer the $100 billion question. The company has announced that it will hold a conference call Monday morning at 9 a.m. Eastern – before the market opens, I would note – to discuss “the outcome of the company’s di... Read Post
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