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March 19, 2012

How Apple plans to spend its leftover $98 billion: Buybacks and dividends

  • $45 billion to be spent on stock buybacks and dividends
  • $2.65 the amount Apple will pay per share in a dividend during each quarter, starting in July
  • $10 billion the amount Apple plans to spend on stock buybacks over the next three years, starting in September source

» Figuring out how to spend its money: The company, flush with cash amid a period of unprecedented success, was reaching a point where they needed to figure out what to do with the large amount of cash they had lying around. And while investing in other companies would certainly be one way to do it, they could do that and still have plenty left over for other reasons. ”Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business,” CEO Tim Cook said in a statement. “So we are going to initiate a dividend and share repurchase program.” Apple’s stock had greatly risen in recent weeks as investors anticipated a dividend was on the way.

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9:59 // 2 years ago
March 13, 2012

Financial stress test: Mostly good news, but one bank had a major fail

  • good news On the occasion of a major stress test of the financial market, 15 of the 19 banks tested showed that they would hold up during a severe recession, while still paying off dividends and buying back stock.
  • bad news One of the banks that failed — Citigroup — screwed up so badly that they failed to meet a set of minimum standards for the stress tests. The company plans to resubmit for another test. source
20:14 // 2 years ago