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Apple to pay $2.65 a share or $2.5 billion in dividend payouts on Thursday

Posted: , by Alan F.

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Apple to pay $2.65 a share or $2.5 billion in dividend payouts on Thursday
Poor Apple. Reminiscent of Richie Rich, the comic strip zillionaire who could never spend more money than his daily allowance, the Cupertino based company continues to rake in more money than it is spending. Apple has tried hard to reduce its cash hoard, and plans on spending $45 billion over the next three years on dividends and stock buybacks. Apple announced the dividend program in March at the same time it unveiled a $10 billion share buyback plan. Shareholders of record on February 11th will get Thursday's payout.

Apple is bringing in more money than it is spending

Apple is bringing in more money than it is spending

Apple CEO Tim Cook said that money in the company's piggybank has been put to good use with spending on R&D, acquisitions, new store openings and investments in the supply chain and infrastructure. And Apple will still have money for strategic opportunities. The fourth quarter brought $16 billion in cash resulting in a bank account stuffed with $137.1 billion.

Apple's dividend yield is 2.2% at current prices, and while in terms of yield there are many more higher paying stocks on the market, in terms of raw dollars, Apple is one of the highest dividend payers in the U.S. Most tech stocks, as a rule, would rather shovel cash flow back into the company, but Apple is a special case because of its large cash position. For example, rivals Google and Samsung refrain from making any dividend payouts.

(Apple has) "used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You’ll see more of all of these in the future. Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program."-Tim Cook, Apple CEO last March

source: AppleInsider

7 Comments
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posted on 14 Feb 2013, 00:53 5

1. wendygarett (unregistered)


The cash from 9billion to 13billion has indicate that Apple lack of r&d spending... No wonder the stock price tumble even if you pay extra dividend :)

posted on 14 Feb 2013, 00:56 5

2. wendygarett (unregistered)


I study at the business section and I must say, stock buyback is the worst decision in order to increase price... A lot of history prove that... Rather pay as dividend instead of buyback, trust me :p

posted on 14 Feb 2013, 01:03 4

3. rusticguy (Posts: 2828; Member since: 11 Aug 2012)


R&D? Really? Buyback if they aren't doing at current levels it means it will slide further when algebra maths and geometry fails ... all too desperate to reverse the trend of share prices being hosed :)

posted on 14 Feb 2013, 01:12

4. anywherehome (Posts: 971; Member since: 13 Dec 2011)


Apple is just kidding :)
Apple should give more from his stolen loot from eBooks price fixing and IT price fixing in Australia...

posted on 14 Feb 2013, 01:12 5

5. jsdechavez (Posts: 708; Member since: 20 Jul 2012)


I wonder where those R&D spending went.. The 5th row of icons? Or the forthcoming 6th row and 5th column?

posted on 14 Feb 2013, 06:23 1

6. rusticguy (Posts: 2828; Member since: 11 Aug 2012)


Patents based on sketches and drawings. That's big R&D expense and that's why they weren't left with any money for even prototype.

posted on 14 Feb 2013, 08:54

7. VZWuser76 (Posts: 1754; Member since: 04 Mar 2010)


So what's the deal PA? No mention of the shareholder(s) suing over this deal, and Tim Cook calling it silly? I've read it tons of places but no mention of it here.
Basically there is some vote going down today and this is a part of it, which the suit wants to separate out. Everyone says that Apple is only accountable to their investors, but in this case it sounds like they're trying to force their hand.

http://www.forbes.com/sites/connieguglielmo/2013/02/12/tim-cook-disses-einhorns-silly-lawsuit-says-apple-doesnt-have-depression-era-mentality/

http://www.cnbc.com/id/100439336

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