Apple Will Issue First Dividends in 17 Years


Apple shareholders are about to receive their first dividends in 17 years. Starting Aug. 16, Cupertino will issue quarterly dividends of $2.65 per share, according to AppleInsider.

First announced in March, Apple’s dividend and stock repurchase plan will help the company give back a little bit of their growing stock pile of cash. With 935 million share outstanding, Apple is expected to disburse nearly $2.5 billion in payments to investors each quarter at least through fiscal year 2015.

However, this amount is small compared to the company’s accumulated holdings. In the last quarter alone, Apple added $7 billion in cash, with its hoard rising to $117 billion.

Dividends will go out to stockholders of record as of Aug. 13. In May, Apple CEO Tim Cook announced that he would not receive dividends.

Thumbnail photo courtesy of Doug88888skettalee .

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