TODAY ONLY - 4x your impact with a Giving Tuesday match! MATCH MY GIFT
Codebreaker

Apple paying dividends, buying back stock, selling lots of iPads

Marketplace Staff Mar 19, 2012


Apple will pay out a quarterly dividend of $2.65 per share of stock, the company announced today, and has authorized a stock buy back program worth $10 billion. The buy back (which doesn’t mean Apple WILL be buying back stock, just that it has authorized that program should it choose to launch it) will start in fiscal 2013, after September 2012. The dividend will pay out starting in Q4 of this year, after July 1. Reaction to this seems to be that Apple is behaving pretty conservatively in terms of the size of the dividend and how large the buy back program is.

As part of the announcement for all that money stuff, Apple also said that it sold a ��record” number of iPads over the weekend. How many? Didn’t say. Analysts had estimated sales would be anywhere from 1 million to 2.5 million. Thanks a lot, analysts. Big help. Way to stick your neck out.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.