Maker of the iPhone, Apple, has revealed plans to reward its shareholders by establishing a new dividend and share repurchase scheme later this year.

Shareholders are scheduled to receive a payment of €1.99 per share during Apple's fiscal fourth quarter, which begins on July 1.

The company's board of directors has also given the go ahead for a €7.5 billion share repurchase programme, due to coincide with the beginning of Apple's new financial year on September 30.

It is anticipated that the repurchase scheme will last more than three years, with its number one aim being to neutralise the effect of dilution from future employee equity grants and employee stock purchase programmes.

CEO of Apple, Tim Cook, said: "We have 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 programme."

More News

Proximus unveils Swipebox photo sharing solution Proximus unveils Swipebox photo sharing solution Proximus has launched a box that enables customers to transfer photos, videos and music from the mobile devices to their TV set. More detail
Telenor sees triple-digit growth in data roaming across EU Telenor sees triple-digit growth in data roaming across EU Telenor has reported a triple-digit increase in data roaming across all its European markets. More detail
Telefónica strengthens partnership with ZTE Telefónica strengthens partnership with ZTE Telefónica and ZTE have strengthened an existing global cooperation agreement covering a range of network solutions. More detail
Bouygues Telecom ups earnings outlook as it makes loss in H1 Bouygues Telecom ups earnings outlook as it makes loss in H1 Bouygues Telecom has improved its earnings outlook for 2015 as it announced a loss for the first six months of the year. More detail
Ericsson renews contract with UK broadcaster ITV Ericsson renews contract with UK broadcaster ITV Ericsson has announced that it has renewed its contract with UK commercial television network ITV. More detail
    

This website uses cookies to improve your experience. Using our website, you agree to our use of cookies

Learn more

I understand

About cookies

This website uses cookies. By using this website and agreeing to this policy, you consent to SJP Business Media's use of cookies in accordance with the terms of this policy.

Cookies are files sent by web servers to web browsers, and stored by the web browsers.

The information is then sent back to the server each time the browser requests a page from the server. This enables a web server to identify and track web browsers.

There are two main kinds of cookies: session cookies and persistent cookies. Session cookies are deleted from your computer when you close your browser, whereas persistent cookies remain stored on your computer until deleted, or until they reach their expiry date.

Refusing cookies

Most browsers allow you to refuse to accept cookies.

In Internet Explorer, you can refuse all cookies by clicking “Tools”, “Internet Options”, “Privacy”, and selecting “Block all cookies” using the sliding selector.

In Firefox, you can adjust your cookies settings by clicking “Tools”, “Options” and “Privacy”.

Blocking cookies will have a negative impact upon the usability of some websites.

Credit

This document was created using a Contractology template available at http://www.freenetlaw.com.