Apple to spend $45 billion on dividends, share buybacks
Apple plans to spend $45 billion over the next three years paying dividends and repurchasing shares. The company announced the decision earlier this morning, revealing plans for a portion of the $97.6 billion in cash and equivalents the company holds. It is the company’s first dividend since 1995.
Although widely anticipated by analysts, the company was tight-lipped about the prospect of a dividend or a buyback during Apple’s holiday quarter earnings call in January. “We’ve actively been examining use of all our cash.
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