“On August 11, 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 on Tuesday August 8 in order to qualify,” Daniel Eran Dilger reports for AppleInsider. “Apple will pay out $3.2 billion in dividends on its outstanding shares for the quarter.”
“Apple has been paying its shareholders a dividend about a month and a half after the end of each fiscal quarter ever since it declared its modern dividend plan in the summer of 2012,” Dilger reports. “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 reports. “Over the last four quarters, Apple has repurchased $37 billion worth of its stock off the market or via accelerated repurchase programs, with $10 billion of that spent in the most recent quarter ending in June.”
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MacDailyNews Take: Apple dividend days bring much joy!
As it turns out, money actually can buy happiness. 🙂