As I have been predicting to Ty Montgomery Authentic Jersey my students for over a year, Apple today finally offered up some plans for the $100 billion or so it has in cash or equivalents. As an Apple shareholder, Ty Montgomery Jersey I’m finally on the way to happy….
Beginning on July 1 of this year, Apple will pay a quarterly dividend of $2.65 per share. This works out to just about 2% for a dividend yield (at current prices), and is a very respectable dividend from a company that also consistently delivers growth. On top of sharing cash with us shareholders by way of a dividend, they are also announcing a $10 billion share repurchase program starting in the fall. The plan, according to Apple, is to spend $45 billion over the next three years.
“We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You’ll see more of all of these in Ty Montgomery Kids Jersey the future,” Tim Cook, Apple’s CEO, said in a statement today. “Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.”
Apparently they will have to use only their Ty Montgomery Womens Jersey US-based cash for these programs. The reason, according to Apple CFO Peter Oppenheimer, “Repatriating the cash from offshore would result in Ty Montgomery Youth Jersey significant tax consequences under current U.S. laws”.
Apple shares were up about 1% from last Friday’s close at the time of this post.