“Apple Inc. raised its dividend by 10.6 percent to $2.08, putting it on the hook for about $12.1 billion in annual payments, according to data compiled by Bloomberg and S&P,” Ciolli reports. “That eclipses the $11.6 billion sent out in dividends each year by Exxon Mobil Corp., the previous title holder.”
“Apple’s $50 billion increase in its buyback authorization boosted the total repurchases announced by American companies to a record $133.6 billion in April, data compiled by Birinyi Associates Inc. show,” Ciolli reports. “So far this year, buybacks have amounted to almost $400 billion, with February, March and April accounting for three out of the four busiest months ever.”
Read more in the full article here.
MacDailyNews Take: For context, as recently as 2009, Apple’s annual net income did not exceed $12.1 billion ($5.7 billion in 2009… $39.51 billion in 2014).