Tell us about your experiences with Marketplace. Enter To Win

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.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.