Apple distributes $2.6 billion more in dividends to shareholders

“Apple paid its shareholders another quarterly dividend on Thursday, although the total payout was reduced by millions due to billions of dollars worth of stock buybacks over recent quarters,” Daniel Eran Dilger reports for AppleInsider.

“After buying back shares, Apple doesn’t need to pay dividends for them any more, meaning the most recent buyback trimmed around $85.4 million off the total cost of its total quarterly dividend payment,” Dilger reports. “For the remaining roughly 860 million shares, Apple paid shareholders ‘of record’ by the ex-dividend date last week a $3.05 dividend per share, totaling around $2.6 billion.”

“Apple continues to earn new cash faster than it is paying out in dividends and stock buybacks; even with its $10 billion in quarterly dividend payments over the past year and $10s of billions in buybacks, Apple’s cash hoard has grown to more than $158.8 billion by the end of 2013,” Dilger reports. “Apple will continue paying its quarterly dividends about a month and a half after the end of each subsequent quarter, and reevaluate its dividend payments on an annual basis.”

Read more in the full article here.

10 Comments

    1. Sorry, I think they are wording this poorly. If you owned the AAPL stock on 2/6/14, you were going to receive the $3.05 dividend per share. A week later, on Thursday, you got paid.

      Apple is paying the dividends once every quarter at this time. I am unaware of any new additional special dividends being paid at this time in this quarter.

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