“A little more than six months into his job as Apple’s CEO, Tim Cook did something his predecessor Steve Jobs wouldn’t do: reward the shareholders with a direct cash payment,” John Shinal reports for MarketWatch.
“He is also injecting several billion dollars of wealth into a wide variety of investor accounts,” Shinal reports. “That’s a welcome bit of cash that the U.S. economy needs right now. So if you’ve stayed in the stock market while others have moved their money into bonds or money market accounts, give yourself a pat on the back — you’ll benefit from the decision made by Cook and the Apple board.”
Shinal reports, “As for Cook, he owned 13,754 shares of Apple stock as of Dec. 17, according to the company’s latest proxy filing. At $2.65 a share per quarter, Cook stands to receive an annual dividend payment of about $145,000. If that seems woefully small for the man at the helm of the Apple empire, note that this sum doesn’t include another 1,362,500 unvested restricted stock units owned by Cook as of December.”
Much more in the full article, including which mutual funds stand to benefit from Apple’s dividend plan, here.
MacDailyNews Note: As we reported on March 19th, “At Tim Cook’s request, none of his unvested Apple Inc. RSUs will participate in the dividend.”
Geeze, if I had 1,362,500 shares of AAPL, well, I probably sure as hell wouldn’t be here!
That’s probably why your at where your at. People like Tim cook don’t skip town and blow their money. They know how to keep it by working even harder.
Ahhhhhh, but I didn’t say I COULDN’T be elsewhere ;^)
Bad decision. We would be earning lots more if they took that money and started/bought a bank, bought/created a cell network, etc.
Look at the fast rise of the stock price after the dividend announcement.. NOT!!!
Look at the stock price a month or 2 before the announcement and you’ll find it. Remember the old saying, “buy on rumor, sell on fact”. That’s what happened, only people are so pumped up about it that not that many are ready to sell.
Someone is going to be excited to buy a $600 stock to get $9 a year dividend????? Imagine if they took that 45B and bought Verizon? Or, became a bank/CC processor and got 3% on all credit card purchases? Our profit would be far greater than $9 a year per share
Buy a bank? Now there’s a profit center for you! Apple needs to invest in their core competencies and stay away from becoming a conglomerate. The dividend is a good idea to give back some of the cash investment from shareholders. and for the guy who said this is a $9 per year return per share: I suggest you go back and take another math class.