Apple to Release $2.5 Billion in Dividends to Shareholders This Week
For most companies, dropping $2.5 billion in a week would take down the entire operation or briskly send it into bankruptcy. But not when you're Apple.
This week, the well-capitalized tech giant is releasing $2.5 billion to shareholders in the company's first quarterly dividend payment in almost two decades.
As MMi reported in March, Tim Cook sounded excited to formally unveil the dividend program, which will roll out in earnest this Thursday. It's all part of a big buyback and dividend plan that will claim $45 billion from Apple's teeming capital reserves over the next 36 months.
“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..." Cook said. "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.”