Apple dispersed $2.6 billion to investors in the form of dividends
February 16, 2014 in iPhone News & Rumors by
Apple spent its investors an additional quarterly returns on Thursday, although the complete payment was reduced by millions as a result of billions of bucks’ really worth of supply buybacks over recent quarters.
Apple has been very active when it to come to dividends and its bound to because of the sky rocketing sales it had over the years and it is still continuing. As per the latest Reports by YCharts.com, Apple had 891.99 million outstanding shares in mid-January. But since due to earnings hitting a new level, the Cupertino Giant has buyback $14 billion worth of stocks which had let to tumbling down of per share value. But now it has recovered.
Cook was “surprised” by the 8 percent fall in the company’s share rate on the day following its profits statement on January 28, the company chose to take advantage of the price drop by accelerating its previously announced $60 billion stock buyback program. Cook also noted that “updates” to Apple’s share repurchase program will be revealed in March or April of this year.
According to Apple expert, Apple’s $14 billion most likely bought it about 28 million shares, decreasing its total number of exceptional shares to around 860 million. Since Apple doesn’t have to pay dividends for the shares that it repurchased, the current buyback action likely saved the company about $85.4 million in overall quarterly dividend costs.