“On May 12, Apple will pay shareholders of record a quarterly dividend of $0.57 per share, but investors must have had settled ownership of the company’s stock by Monday May 9 in order to qualify,” Daniel Eran Dilger writes for AppleInsider. “Apple will pay out $2.9 billion in dividends on its outstanding shares for the quarter.”
“May’s dividend will be the first 57-cent dividend Apple has paid since it announced plans to increase its dividend from 52 cents during its Q2 2016 earnings conference call,” Dilger writes. “Over the past four quarters, Apple has paid out around $12 billion in dividends to its shareholders, distributing close to $3 billion every quarter, although that number has decreased slightly in tandem with the company’s stock buybacks.”
“Dividends are a minority portion of Apple’s shareholder capital return program, the majority of which has been earmarked for buying back outstanding shares,” Dilger writes. “In total, Apple has spent $117 billion on stock buybacks since initiating its capital return program, including an opportunistic $14 billion share grab initiated after the stock plunged more than 8 percent last January following the company’s holiday Q1 release which detailed its highest ever quarterly revenues and operating profits — results that the tech media depicted as ‘disappointing.'”
Read more in the full article here.
MacDailyNews Take: It’s interesting how anyone — whether they be in the tech media, on Wall Street, or anywhere on the planet — could describe the largest quarterly profit ever recorded by a single public corporation as “disappointing.”
But, hey, take advantage of such lunacy whenever you can!
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Apple reaps $18.4 billion quarterly profit, the largest ever recorded by a single public corporation – January 26, 2016