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Apple Announces $11 Dividend And Share Buyback
Business Insider ^ | 03/19/2012 | Jay Yarrow

Posted on 03/19/2012 7:13:42 AM PDT by SeekAndFind

Apple announced a quarterly dividend of $2.65 a share and authorized a share buyback plan this morning.

According to the release, it anticipates spending about $45 billion in cash over the first three years of the dividend and buyback plan. 

The buyback authorization is worth $10 billion and starts in fiscal 2013, which starts after September 30, 2012. (Important note: a buyback authorization doesn't mean Apple is going to rush out and buy stock, it just means it could buy stock.)

The dividend starts in fiscal Q4, which is after July 1, 2012.

The $45 billion Apple anticipates spending will be less than a third of the cash it will bring in over the next three years. (We anticipate it generating ~$150 billion in cash in the next three years.)

Apple shares have been halted, and will start trading again at 8:50 eastern.

Here's the release:

Apple® today announced plans to initiate a dividend and share repurchase program commencing later this year.

Subject to declaration by the Board of Directors, the Company 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. 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.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: apple; dividend; stockmarket

1 posted on 03/19/2012 7:13:48 AM PDT by SeekAndFind
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To: SeekAndFind

Related story:

Apple: We Sold A ‘Record’ Number Of iPads This Weekend

Read more: http://www.businessinsider.com/apple-we-sold-a-record-number-of-ipads-this-weekend-2012-3#ixzz1pZWzxo4w


2 posted on 03/19/2012 7:15:49 AM PDT by SeekAndFind (question)
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To: SeekAndFind

I guess that if you build a better mouse-trap; the public really will beat a path to your door.


3 posted on 03/19/2012 7:36:31 AM PDT by Hodar ( Who needs laws; when this FEELS so right?)
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To: SeekAndFind

Apple is the ultimate business success story.

They make a product people WANT to buy, and are willing to pay a premium for, manufactured at the cheapest possible price. This is how you create wealth.

That product is extremely popular among the media, who constantly hype it, creating a “must-have” impression. It matters little to them that said product is made-in-China by almost slave workers, they just gotta have it, because it’s “Popular!”.

Apple is the ultimate hypocrisy of the left.


4 posted on 03/19/2012 8:38:47 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: SeekAndFind

AAPL

up at this moment,a lot
596.36
Change 10.79
Change 1.84%


5 posted on 03/19/2012 9:11:45 AM PDT by HangnJudge
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To: tcrlaf
Apple is the ultimate business success story.
They make a product people WANT to buy, and are willing to pay a premium for, manufactured at the cheapest possible price. This is how you create wealth.
That product is extremely popular among the media, who constantly hype it, creating a “must-have” impression. It matters little to them that said product is made-in-China by almost slave workers, they just gotta have it, because it’s “Popular!”.
Apple is the ultimate hypocrisy of the left.

You lost me on this. Are you suggesting that Apple is a fine example of Capitalism at work or that it is a tool of the left or both?

Apple is making money hand over fist because people want their product. They provide a product which exceeds the perceived benefits of products offered by their competitors and do so at a price which their customers find to be fair and reasonable. I don't really see how any of that is left wing.

6 posted on 03/19/2012 9:42:13 AM PDT by Tucsonican
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To: Tucsonican

The left embraces Apple, while at the same time crying about “EVIL CAPITALISM!”, “OUTSOURCING!”, etc. They have to have it, because it’s “Cool”. They don’t want to be seen as one of “Those People”.

The biggest laugh I had in years was the moron at ‘Occupy Fremont Street!’, in Las Vegas, that was taking photos of himself with an iPhone, while carrying a “CAPITALISM IS EVIL!” sign. (Wearing Nike’s, and a Diesel desinger shirt, too!)

How do you get through to supposedly “SMART!” people, that are that f***ing dumb?


7 posted on 03/19/2012 10:37:12 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: SeekAndFind

And in on with congress...

That’s all I needed to know.


8 posted on 03/19/2012 10:40:24 AM PDT by Freddd (NoPA ngineers.)
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To: SeekAndFind
I think one of the keys to Apple's success is that they developer consumer products that people want to buy and they sell those products for considerably more than it costs to produce them. I believe that is what people are talking about when they mention about the "profit margin."

I also notice that Apple products are pretty much the same price no matter where you go. That is to say, if a certain version of the iPad retails in the Apple store for $499, that is the price you are going to pay even if you go to Best Buy or out on Amazon.com.

For some reason, I can get a good deal on the iTunes Gift Cards if I go to the Sam's Club - where I can buy a multi-pack of 4 $25 cards for just $82.64. I always wondered about that. I'm thinking that somebody in charge of prices at the Sam's Club did the math wrong when they tallied up the total of the four cards and I've been taking advantage of it - while it lasts.

9 posted on 03/19/2012 4:12:51 PM PDT by SamAdams76 (I am 52 days away from outliving Phil Hartman)
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