Sunday, Sep 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Apple to dole out $100B to shareholders

Company will increase buybacks, pay dividends

NEW YORK — Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years.

Apple says it will buy back $60 billion in shares — the largest buyback authorization in history. It is also raising its dividend by 15 percent.

Investors have been clamoring for Apple to give them access to its cash hoard of $145 billion. Apple’s tight grip on its cash has been blamed for the steep decline in its stock price over the winter.

Apple is also posting results for its latest quarter that beat expectations, though net income fell 18 percent to $9.5 billion, and revenue rose a modest 11 percent from last year to $43.6 billion. Both figures beat expectations.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…