Along with its earnings report, Apple also announced that it will return $100 billion to shareholders in the next two years. This increase will take the form of an increase in dividend payments and a beefier stock buyback program.
Apple’s board of directors decided to bump up the quarterly dividend to $3.05 per share, a 15 percent increase that makes Apple one of the top dividend payers in the world. The board also approved a $60 billion stock repurchase plan, up from the $10 billion approved last year.
“We will continue to return capital to shareholders through dividends, share repurchases, and cash used to net-share-settle vesting RSUs,” said Peter Oppenheimer, Apple’s CFO. “We continue to generate cash in excess of our needs to operate the business, invest in our future, and maintain flexibility to take advantage of strategic opportunities.”
You can read more the changes in the pres release on Apple’s website.
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