Apple Will Start Paying Dividends and Buy Back Shares

By Jesus Diaz on at

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."