Link: Apple to Pay Dividends →

This morning Apple announced plans to pay dividends of $2.65 per share. This is the first time since 1995 that has Apple has pay a dividend. Apple last paid a dividend of $0.12. It is worth noting that Apple will spend roughly $45 billion on this new program over three years. Tim Cook said,

“Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.”

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