Apple reveals dividend programme

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

Nokia CEO wants new salespeople as it signs Xiaomi deal in non-telco push Nokia CEO wants new salespeople as it signs Xiaomi deal in non-telco push Nokia is to provide electronics and internet company Xiaomi with its technology as it looks to make good on a promise to expand beyond its core base of telecoms customers. More detail
Ericsson, WeDo aim to safeguard operators’ digital revenues with new partnership Ericsson, WeDo aim to safeguard operators’ digital revenues with new partnership Ericsson and WeDo Technologies have joined forces to create a new risk management and revenue assurance offering for operators. More detail
Verizon creates new business to help operators intro AI, IoT and big data services Verizon creates new business to help operators intro AI, IoT and big data services Verizon has formed a new division, called Exponent Technologies, offering a portfolio of software and internet platforms to help other mobile operators to deploy new technologies without the high cost... More detail
Sonera takes digital ID solution from UXP Systems Sonera takes digital ID solution from UXP Systems Telia’s Finnish opco Sonera has selected UXP Systems’ User Lifecycle Management (ULM) platform to deliver digital identity and user management processes across its channels. More detail
Netgem trumpets Soundbox device as smart home hub for operators Netgem trumpets Soundbox device as smart home hub for operators Netgem is targeting operators with the launch of what it claimed is a new connected device category that brings together audio and video functionalities in a single unit.   More detail
    

@eurocomms