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Sorry, there’s no Steve Jobs cloning program or awesome philanthropic effort coming from Apple. But if you are an Apple shareholder, be happy: they just announced a plan to initiate dividend and share repurchase program.
They are going to “initiate a quarterly dividend of $2.65 [£1.65] per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.”
They will also use $10 billion in a share repurchase program starting in fiscal 2013, begining on September 30, 2012. “The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.”
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So how much will this dividend cost them per quarter? Also having announced that they will be paying a dividend, will their share price not rise, meaning that they are likely to be able to buy back far fewer shares than they would have otherwise.
Apple have an accounting department that probably has more people in it than my village, all of whom spent years learning the trade and have years more experience working to back that knowledge up. They know what they’re doing.
Yeah, I guess so. I suppose there must be a logic to it that I am not seeing. Perhaps the shares they will be repurchasing are covered by some sort of agreement that allows Apple to repurchase them at a set price. No doubt further details will be forthcoming at some point.
OK sensible idea from Apple to buy back shares, but why does this need a pre-annoucment and then a press conference when a simple press release would of done.
I guess thair marketing department only know “hype” mode and nothing else.
Anyone think it would be just nice if they used it to offset/reduce prices or set up a program for educational places to get free equipment or give some free stuff away to their fans who have actually given them this suprless they have,
It would be nice, but what are the odds of that actually happening. Apple is a company, and the primary goal for all companies is to make money.