“While Apple’s product releases are undoubtedly a major driver for Apple’s stock, the company is creating value for shareholders in other areas far more imperceptibly: through dividends and share repurchases,” Daniel Sparks reports for The Motley Fool. “”
“While Apple’s dividend yield may be relatively small at just 2.3%, management’s efforts to return cash to shareholders are extremely aggressive when you also consider Apple’s share repurchases over the past 12 months,” Sparks reports. “In that period, Apple has bought back a whopping $40 billion worth of its shares. Even more, in the weeks following a sell-off sparked by less than expected first-quarter iPhone sales, Apple opportunistically repurchased $14 billion worth of its stock.”
Fool contributor Daniel Sparks takes a closer look at how Apple is building shareholder value by buying back its own stock at excellent prices, here.
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