Apple Inc. (NASDAQ:AAPL) has done it this time! They have announced a dividend plan that has shareholders super satisfied. The tech giant announced plans to begin issuing dividends of $2.65 per share every quarter. According to AppleInsider, all shareholders on record as of August 13th, will be paid dividends on Thursday.
Tim Cook, CEO of Apple Inc. (NASDAQ:AAPL), said in an announcement, we have “used some of our cash top 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 these in the future.”
Cook net on to add, ” 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 initiate a dividend and share repurchase program.”
The share repurchase program totals a whopping $10 billion in cash, and Apple Inc. (NASDAQ:AAPL) has stated that over the next 3 years, they expect their dividends and share buybacks to distribute $45 billion from their cash. The total amount of the quarterly dividend will be approximately $2.5 billion per quarter.
Apple Inc. (NASDAQ:AAPL) has had some glitches along the way to prosperity, as even now they continue to duke it out with Samsung in multiple courtrooms around the globe. Only this week, a judge in the U.S. ordered Apple Inc. (NASDAQ:AAPL) and Samsung lawyers to meet in person and try to resolve a case involving alleged patent copying by Samsung.
All of these have played a part in how investors look at Apple Inc. (NASDAQ:AAPL), but over all, the analysts and investors alike seem to think the future is bright, with the rumored release of iPhone 5 and the new iPad just around the corner, they expect stocks to grow in the next few quarters.