Apple Inc (AAPL) Distributes $2.5B Dividend Today

Today is the day for Apple Inc (NASDAQ:AAPL) investors – the day where those who have been buying into the company and its stock will get a piece of the company’s massive cash chest in the form of a dividend. Today, Cupertino will be handing out its first dividend in 17 years as part of a $45 billion dividend program that was announced earlier this year.

Apple Inc. (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) announced earlier it would be giving out $2.65 per share for each of the more than 930 million outstanding shares of stock, which amounts to a distribution of about $2.5 billion. This amount is one of the largest quarterly dividends handed out by any company. The company said it was initiating an overall $45 billion program over three years, with dividends distributed every quarter. By comparison, Apple reported that it had more than $120 billion in cash as of the end of October, and reported that it took in more than $11 billion in cash the last two quarters combined.

The last time Apple Inc (NASDAQ:AAPL) handed out a dividend was back in 1995. in addition to the dividends, the company also announced it would buy back about $10 billion in shares over the next couple of years as well, again as a step to spend some of its cash supply, which remains robust and seems to grow every quarter.

When announcing the dividend and buyback program this past spring, Apple CEO Tim Cook said the company 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.”

As an example of how much the dividends adds up can be seen by using the portfolio of billionaire David Einhorn of Greenlight Capital. As of June 30, he held about 1.45 million shares of Apple Inc (NASDAQ:AAPL), which means he would have received a dividend payment of $3.85 million. Let us know – are you in on the dividend madness? What are you doing with your dividend?

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!