Apple plans $ 100B reserve: $ 10 billion to buy back shares, $ 2.65 quarterly dividend
Apple on Monday hosted a conference on the fate of at least a portion of the $ 100 billion in cash the company has built in recent years to detect. Apple announced that it intends to spend $ 10 billion to repurchase shares in the next three years, besides paying a $ 2.65 quarterly dividend. In the next three years, Compay expect to spend 45 billion dollars. Apple's press release follows below.
Apple announces plan to dividends and share repurchase program
Expect to spend 45 billion dollars to more than three years
Cupertino, Calif. - (BUSINESS WIRE)-Apple ® today announced plans to distribute a dividend and share repurchase program will begin later this year to start.
"Even with these investments, we can create a war chest for strategic opportunities, and have enough money to run our business. So we pay a dividend and share repurchase program to start."
Subject to declaration by the Board that the company plans a quarterly dividend of $ 2.65 per share to start sometime in the fourth quarter of fiscal 2012, which begins on 1 July 2012.
The company also has Board of Directors authorized a $ 10 billion share buyback program begins in the year 2013 the company, beginning on 30 September 2012. The buy-back program is expected to be implemented over three years, with the primary purpose of neutralizing the effects of dilution of the potential employees equity grants and employee stock purchase programs.
"We have a number of our money to big investments in our business through more research and development, acquisitions, new store openings, strategic progress and investment in our supply chain, and build our infrastructure. You can find more of them see in the future," says Tim Cook, Apple's CEO. "Even with these investments, we can create a war chest for strategic opportunities, and have enough money to run our business. So we pay a dividend and share repurchase program to start."
"The combination of dividends and share buybacks and cash used for net share-settled RSUs vesting, we expect to spend about $ 45 billion of domestic cash in the first three years of our programs," said Peter Oppenheimer, Apple's CFO. "We are very confident about our future and in the distance sees enormous opportunities."
Apple will live stream a conference call to discuss plans start at 6:00 PDT on Monday, March 19, 2012 at www.apple.com/quicktime/qtv/call31912 to discuss. The company will not give an update on the current quarter, or will the items other than cash. The webcast will also be available to the replay of about two weeks thereafter.
Expect to spend 45 billion dollars to more than three years
Cupertino, Calif. - (BUSINESS WIRE)-Apple ® today announced plans to distribute a dividend and share repurchase program will begin later this year to start.
"Even with these investments, we can create a war chest for strategic opportunities, and have enough money to run our business. So we pay a dividend and share repurchase program to start."
Subject to declaration by the Board that the company plans a quarterly dividend of $ 2.65 per share to start sometime in the fourth quarter of fiscal 2012, which begins on 1 July 2012.
The company also has Board of Directors authorized a $ 10 billion share buyback program begins in the year 2013 the company, beginning on 30 September 2012. The buy-back program is expected to be implemented over three years, with the primary purpose of neutralizing the effects of dilution of the potential employees equity grants and employee stock purchase programs.
"We have a number of our money to big investments in our business through more research and development, acquisitions, new store openings, strategic progress and investment in our supply chain, and build our infrastructure. You can find more of them see in the future," says Tim Cook, Apple's CEO. "Even with these investments, we can create a war chest for strategic opportunities, and have enough money to run our business. So we pay a dividend and share repurchase program to start."
"The combination of dividends and share buybacks and cash used for net share-settled RSUs vesting, we expect to spend about $ 45 billion of domestic cash in the first three years of our programs," said Peter Oppenheimer, Apple's CFO. "We are very confident about our future and in the distance sees enormous opportunities."
Apple will live stream a conference call to discuss plans start at 6:00 PDT on Monday, March 19, 2012 at www.apple.com/quicktime/qtv/call31912 to discuss. The company will not give an update on the current quarter, or will the items other than cash. The webcast will also be available to the replay of about two weeks thereafter.
Posts
0 comments: