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

Lebara UK hails deal with Uber Lebara UK hails deal with Uber MVNO Lebara has teamed up with Uber to offer customers money off the taxi service. More detail
Telefónica Spain chooses Nokia for optical tech Telefónica Spain chooses Nokia for optical tech Nokia has won a contract to supply a new optical metro network to Telefónica Spain. More detail
DNA joins bidding for Finland’s Anvia Telecom DNA joins bidding for Finland’s Anvia Telecom Finland’s DNA is the latest operator to bid for regional fixed line player Anvia Telecom and four other subsidiaries. More detail
Telecoms industry regrets UK referendum result, but proclaims ‘business as usual’ Telecoms industry regrets UK referendum result, but proclaims ‘business as usual’ The telecoms industry claimed business as usual and, in most corners, some regret following the UK’s referendum decision to leave the European Union. More detail
Messe Berlin takes cloud file sharing solution from T-Systems Messe Berlin takes cloud file sharing solution from T-Systems T-Systems has secured a deal with the Messe Berlin exhibition centre to provide a secure cloud-based solution for sharing large and confidential files. More detail