Apple (AAPL) Raises Quarterly Dividend 10.6% to $0.52; 1.6% Yield
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Apple Expands Capital Return Program to $200 Billion
April 27, 2015 4:30 PM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced that its Board of Directors has authorized an increase of more than 50 percent to the Companys program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200 billion of cash by the end of March 2017.
As part of the revised program, the Board has increased its share repurchase authorization to $140 billion from the $90 billion level announced last year. In addition, the Company expects to continue to net-share-settle vesting restricted stock units.
The Board has also approved an increase of 11 percent to... More
