“As recently as 2010, Steve Jobs dismissed several suggestions regarding what the company should do with its growing stockpile of cash, saying that he believed that a dividend program would have no positive effect on the stock price,” Electronista reports. “Apple paid no dividends for over 17 years.”
Electronista reports, “At the time of the dividend announcement, Apple stock was worth around $550 per share. The stock broke the $700 mark in September, but has since fallen to around $465, possibly proving Jobs’ point about the dividend effort not helping the stock price of the company. Apple’s annual shareholder meeting is scheduled for February 27, and the issue of the recent drop in stock value is likely to be a hot topic.”
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MacDailyNews Note: According to Apple, an January 23, 2013, Apple’s Board of Directors declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.