Apple expands capital return program to over $130 billion
TweetFollow Us on Twitter

Apple expands capital return program to over $130 billion


Apple says its Board of Directors has authorized another increase to the company’s program to return capital to shareholders. Apple expects to utilize a total of over US$130 billion of cash under the expanded program by the end of calendar 2015. 

As part of the program, the Board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. Apple expects to continue to utilize about $1 billion annually to net-share-settle vesting restricted stock units. 

Additionally, the Board has approved an increase to the company’s quarterly dividend of approximately 8% and has declared a dividend of $3.29 per common share, payable on May 15, 2014, to shareholders of record as of the close of business on May 12, 2014. The company also plans to increase its dividend on an annual basis. With annual payments of $11 billion, Apple is among the largest dividend payers in the world.  

From August 2012 through March 2014, Apple has spent $66 billion in cash on its capital return program.

To assist in funding the program, the company expects to access the public debt markets during 2014, both domestically and internationally, for an amount of term debt similar to what the Company raised during 2013. The management team and the Board of Directors will continue to review each element of the capital return program regularly. 

"We are announcing a significant increase to our capital return program," CEO Tim Cook said. "We’re confident in Apple’s future and see tremendous value in Apple’s stock, so we’re continuing to allocate the majority of our program to share repurchases.  We’re also happy to be increasing our dividend for the second time in less than two years."

The Board of Directors has also announced a seven-for-one stock split.  Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014.

 
AAPL
$112.92
Apple Inc.
+3.23
GOOG
$637.61
Google Inc.
+8.99
MSFT
$43.90
Microsoft Corporation
+1.19
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Emo Chorus (Music)
Emo Chorus 1.0.0 Device: iOS Universal Category: Music Price: $1.99, Version: 1.0.0 (iTunes) Description: Realistic Choir simulator ranging from simple Chorus emulation to full ensemble Choir with 128 members.### introductory offer 60% off ### | Read more »
Forest Spirit (Games)
Forest Spirit 1.0.5 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.5 (iTunes) Description: | Read more »
Ski Safari 2 (Games)
Ski Safari 2 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: The world's most fantastical, fun, family-friendly skiing game is back and better than ever!Play as Sven's sister Evana, share the action in multiplayer mode, perform awesome new tricks on snowboards and skis, and ride on crazy... | Read more »
Lara Croft GO (Games)
Lara Croft GO 1.0.47768 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0.47768 (iTunes) Description: Lara Croft GO is a turn based puzzle-adventure set in a long-forgotten world. Explore the ruins of an ancient civilization, discover well-kept secrets and face deadly challenges as you uncover the myth of the Queen... | Read more »
Whispering Willows (Games)
Whispering Willows 1.23 Device: iOS Universal Category: Games Price: $4.99, Version: 1.23 (iTunes) Description: **LAUNCH SALE 50% OFF** - Whispering Willows is on sale for 50% off ($4.99) until September 9th. | Read more »
Calvino Noir (Games)
Calvino Noir 1.1 Device: iOS iPhone Category: Games Price: $3.99, Version: 1.1 (iTunes) Description: The film noir stealth game. Calvino Noir is the exploratory, sneaking adventure through the 1930s European criminal underworld. Architecture meets Noir as you become unwillingly entangled in a revolutionist plot. | Read more »
Angel Sword (Games)
Angel Sword 1.0 Device: iOS Universal Category: Games Price: $6.99, Version: 1.0 (iTunes) Description: Prepare to adventure in the most epic full scale multiplayer 3D RPG for mobile! Experience amazing detailed graphics in full HD. The battle of immortals has begun. Choose your side.FEATURES: | Read more »
infltr - Infinite Filters (Photography)
infltr - Infinite Filters 1.0 Device: iOS Universal Category: Photography Price: $1.99, Version: 1.0 (iTunes) Description: Say goodbye to the same old boring filters and filter life as you live it - in the moment. With infltr, you add a filter before you capture a picture, not afterwards. | Read more »
You'll be Able to Make Your Own BAD...
Have you been playing BADLAND so much that you've run out content? Well that won't be a problem for much longer because Frogmind is giving us a level editor in an upcoming (and free) update. [Read more] | Read more »
Magic: The Gathering - Puzzle Quest is a...
It looks like we can add Magic: The Gatehring to the list of "stuff that has a Puzzle Quest spin-off." D3 Go! and Wizards of the Coast have officially announced that the popular collectible card game will be getting it's own match-3 puzzler later this year. [Read more] | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.