Apple spends some of its $98B cash hoard

Comment #5

JADELottery — Tue, 20 Mar 2012 18:27:18 GMT

Ah... Oh... I thought someone was having a hard time buying Powerball tickets and they need a little extra cash to buy one.

Comment #4

sully16 — Tue, 20 Mar 2012 16:56:51 GMT

A split would be nice. 4 to one ratio would be nicer, at 150 you could turn around and put in a limit order for 140.00 and see if theres a bite.

Comment #3

Todd — Mon, 19 Mar 2012 21:29:55 GMT

Apple should really do a split. $600 a share is ridiculous.

Comment #2

pumpi76 — Mon, 19 Mar 2012 19:35:39 GMT

OR CREATE A GLOBAL WEATHER VIRTUAL EARTH/GLOBE SWEEPSTAKE...OR A VIRTUAL GLOBAL EARTH SIMULATOR GLOBE SWEEPSTAKE...

Comment #1

pumpi76 — Mon, 19 Mar 2012 19:29:08 GMT

BUT THAT JUST ME...lol...

Original Blog Entry: Apple spends some of its $98B cash hoard

LottoGuyBC — Mon, 19 Mar 2012 13:19:27 GMT

Apple spends some of its $98B cash hoard

Computer maker to pay $2.65 a share quarterly and spend $10B buying up shares

Apple Inc. is finally putting its cash hoard to work, introducing a quarterly dividend of $2.65 US a share

and starting a $10 billion share buyback program.

Apple says the dividend will start in its fiscal fourth quarter, which begins July 1.

The buybacks will begin in its next fiscal year, which starts Sept. 30.

Apple is sitting on $97.6 billion in cash and securities. For years, it has resisted calls to reward

shareholders with some of that money.

Since the death of CEO Steve Jobs, management has signaled that it's been considering options for the money.

Combining dividends, share repurchases, and cash used to net-share-settle vesting RSUs, we anticipate utilizing

approximately $45 billion of domestic cash in the first three years of our programs, said Peter Oppenheimer, Apple s CFO. We are extremely confident in our future and see tremendous opportunities ahead.

The expectation of a dividend has already helped send the stock up 37 per cent since Apple's latest earnings report.

In pre-market trading, the shares touched a record level of $600.23, up 2.5 per cent from Friday's close.

... [ More ]