Current Weather
The Spy FM

Apple To Buy Back $10B In Shares; Pay Dividend Of $2.65 Per Share

Filed by KOSU News in Business.
March 19, 2012

The Associated Press just moved this alert:

“Apple says it will use its cash to start paying dividend of $2.65, buy back $10B in shares.”

Indeed, at Apple’s website the company says it “plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012. Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s fiscal 2013, which begins on September 30, 2012.”

Apple adds that “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.”

The news follows stories earlier today about an announcement from Apple, due within the next hour, concerning its plans for the $97.6 billion in cash and securities it has on hand.

There’s a conference call about Apple’s plans set for 9 a.m. ET. It’s due to be webcast here.

We’ll add to this post later today. [Copyright 2012 National Public Radio]

Leave a Reply

4PM to 5PM Weekend All Things Considered

Weekend All Things Considered

Listen Live Now!

5PM to 7PM American Routes

American Routes

Hosted by Nick Spitzer, American Routes is a two-hour weekly excursion into American music, spanning eras and genres—roots rock and soul, blues and country, jazz, gospel and beyond.

View the program guide!

7PM to 9PM The Oklahoma Rock Show

The Oklahoma Rock Show

The Oklahoma Rock Show filters through dozens of submissions a week to find the best in new local music. Ryan LaCroix is the host and mastermind behind the show and teaches at the Academy of Contemporary Music at the University of Central Oklahoma (ACM@UCO).

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center