NPR : News

Filed Under:

Apple To Buy Back $10B In Shares; Pay Dividend Of $2.65 Per Share

The Associated Press just moved this alert:

"Apple says it will use its cash to start paying dividend of $2.65, buy back $10B in shares."

Indeed, at Apple's website the company says it "plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012. Additionally, the Company's Board of Directors has authorized a $10 billion share repurchase program commencing in the Company's fiscal 2013, which begins on September 30, 2012."

Apple adds that "the repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs."

The news follows stories earlier today about an announcement from Apple, due within the next hour, concerning its plans for the $97.6 billion in cash and securities it has on hand.

There's a conference call about Apple's plans set for 9 a.m. ET. It's due to be webcast here.

We'll add to this post later today.

Update at 9:17 a.m. ET. As CNet News writes:

"In paying a dividend, Apple is just the latest company to bow to intense shareholder pressure. The issue of what Apple does with its cash position has lingered for years as it has grown to a near obscene amount, and has been an issue for investors even when Steve Jobs was running the company. A regular payout adds to the attractiveness of the stock, which continues to see tremendous growth thanks to hit products like the iPhone and iPad. In premarket trading, Apple's stock rose nearly 4 percent and surged past the $600 mark."

Update at 9:12 a.m. ET: On the conference call, Apple CEO Tim Cook just said that "these decisions will not close any doors for us" because the company will still have plenty of cash available for investment.

Copyright 2012 National Public Radio. To see more, visit


No Meekness Here: Meet Rosa Parks, 'Lifelong Freedom Fighter'

As the 60th anniversary of the historic Montgomery Bus Boycott approaches, author Jeanne Theoharis says it's time to let go of the image of Rosa Parks as an unassuming accidental activist.

Internet Food Culture Gives Rise To New 'Eatymology'

Internet food culture has brought us new words for nearly every gastronomical condition. The author of "Eatymology," parodist Josh Friedland, discusses "brogurt" with NPR's Rachel Martin.
WAMU 88.5

World Leaders Meet For The UN Climate Change Summit In Paris

World leaders meet for the UN climate change summit in Paris to discuss plans for reducing carbon emissions. What's at stake for the talks, and prospects for a major agreement.


Payoffs For Prediction: Could Markets Help Identify Terrorism Risk?

In a terror prediction market, people would bet real money on the likelihood of attacks. NPR's Scott Simon speaks with Stephen Carter about whether such a market could predict — and deter — attacks.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.