Apple more than doubles capital return program
TweetFollow Us on Twitter

Apple more than doubles capital return program

Apple has announced that its Board of Directors has authorized a significant increase to the company’s program to return capital to shareholders. The company expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015.

This represents a $55 billion increase to the program announced last year and translates to an average rate of US$30 billion per year from the time of the first dividend payment in August 2012 through December 2015.

As part of this program, the Board has increased its share repurchase authorization to $60 billion from the $10 billion level announced last year. This is the largest single share repurchase authorization in history and is expected to be executed by the end of calendar 2015. Apple also expects to utilize about $1 billion annually to net-share-settle vesting restricted stock units.

Additionally, the Board has approved a 15% increase in the company’s quarterly dividend and today has declared a dividend of $3.05 per common share, payable on May 16, 2013 to shareholders of record as of the close of business on May 13, 2013. Apple is among the largest dividend payers in the world, with annual payments of about $11 billion.

In conjunction with the expanded return of capital program, the company plans to borrow and expects to announce more details about this in the near future. The management team and Board of Directors will continue to review each element of the capital return program on an annual basis, says Apple CEO Tim Cook.

“"We are very fortunate to be in a position to more than double the size of the capital return program we announced last year," he adds. "We believe so strongly that repurchasing our shares represents an attractive use of our capital that we have dedicated the vast majority of the increase in our capital return program to share repurchases."

"We will continue to return capital to shareholders through dividends, share repurchases, and cash used to net-share-settle vesting RSUs," adds Peter Oppenheimer, Apple’s chief financial officer. "We continue to generate cash in excess of our needs to operate the business, invest in our future, and maintain flexibility to take advantage of strategic opportunities."

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Microsoft Office 2016 15.25 - Popular pr...
Microsoft Office 2016 - Unmistakably Office, designed for Mac. The new versions of Word, Excel, PowerPoint, Outlook and OneNote provide the best of both worlds for Mac users - the familiar Office... Read more
FileZilla 3.21.0 - Fast and reliable FTP...
FileZilla (ported from Windows) is a fast and reliable FTP client and server with lots of useful features and an intuitive interface. Version 3.21.0: Fixed Vulnerabilities Fixed a string format... Read more
Fantastical 2.2.5 - Create calendar even...
Fantastical 2 is the Mac calendar you'll actually enjoy using. Creating an event with Fantastical is quick, easy, and fun: Open Fantastical with a single click or keystroke Type in your event... Read more
The Hit List 1.1.26 - Advanced reminder...
The Hit List manages the daily chaos of your modern life. It's easy to learn - it's as easy as making lists. And it's powerful enough to let you plan, then forget, then act when the time is right.... Read more
Typinator 6.10 - Speedy and reliable tex...
Typinator turbo-charges your typing productivity. Type a little. Typinator does the rest. We've all faced projects that require repetitive typing tasks. With Typinator, you can store commonly used... Read more
EtreCheck 3.0.2 - For troubleshooting yo...
EtreCheck is an app that displays the important details of your system configuration and allow you to copy that information to the Clipboard. It is meant to be used with Apple Support Communities to... Read more
FileZilla 3.21.0 - Fast and reliable FTP...
FileZilla (ported from Windows) is a fast and reliable FTP client and server with lots of useful features and an intuitive interface. Version 3.21.0: Fixed Vulnerabilities Fixed a string format... Read more
EtreCheck 3.0.2 - For troubleshooting yo...
EtreCheck is an app that displays the important details of your system configuration and allow you to copy that information to the Clipboard. It is meant to be used with Apple Support Communities to... Read more
Microsoft Office 2016 15.25 - Popular pr...
Microsoft Office 2016 - Unmistakably Office, designed for Mac. The new versions of Word, Excel, PowerPoint, Outlook and OneNote provide the best of both worlds for Mac users - the familiar Office... Read more
Typinator 6.10 - Speedy and reliable tex...
Typinator turbo-charges your typing productivity. Type a little. Typinator does the rest. We've all faced projects that require repetitive typing tasks. With Typinator, you can store commonly used... Read more

Bowmasters tips, tricks and hints
At least for this writer, archery was one of the more pleasant surprises of the 2016 Rio Olympics. As opposed to target shooting with guns, which was dreadfully boring, watching people shoot arrows at targets was pretty darn cool. [Read more] | Read more »
Best apps for watching live TV
The Olympics have come and gone, leaving nearly everyone in a temporary state of "What the heck am I going to watch on TV right now?" Besides old reruns of Golden Girls, but that goes without saying. [Read more] | Read more »
What is Flip Diving, and why has it take...
Move over Pokemon GO. There's a new king in town, and it's "the world's #1 cliff diving game." [Read more] | Read more »
5 places where Pokemon GO is still numbe...
In the U.S., the bloom is off the Pokemon Go rose ever so slightly. It's still doing great, sitting atop the top grossing chart as it has for some time, but it's no longer among the top 10 free apps in downloads, possibly because darn near... | Read more »
Madden NFL Mobile: How defense has chang...
Saying that defense is not a priority in Madden NFL Mobile is a bit of an understatement. In asynchronous head-to-head play, you don't take control of your defenders at all, as the AI manages them while your opponent plays offense. When it's your... | Read more »
Feed Hawk (News)
Feed Hawk 1.0.1 Device: iOS Universal Category: News Price: $2.99, Version: 1.0.1 (iTunes) Description: Feed Hawk makes it easy to subscribe to the RSS feed of the website you are visiting. From within Safari, simply open a share... | Read more »
Reigns character guide: Who's who i...
Know your foes. Keep your friends close, but your enemies closer. And there are probably some other cliches that would apply to your perilous spot on the throne in Reigns as well. [Read more] | Read more »
Match 3 puzzler Small Lime is now availa...
Set to hit Android and IOS on the 17th August, Small Lime is the newest match 3 mobile game, and hopes to throw something a little different into the mix. If you love match 3 puzzles, but are tired of the same old ideas being re-hashed again and... | Read more »
Deus Ex GO tips, tricks, and hints
When Square Enix Montreal first hit us with Hitman GO,it was seen as a clever board game twist on a property that you wouldn't normally think would fit that kind of format. Lara Croft GOexpanded things even further while keeping some of the same... | Read more »
Leap of Fate (Games)
Leap of Fate 1.0 Device: iOS Universal Category: Games Price: $3.99, Version: 1.0 (iTunes) Description: *** Minimum hardware: iPad 4, iPad mini 2, iPhone 5s. *** | Read more »

Price Scanner via MacPrices.net

Typinator 6.10 comes with 50 improvements – G...
Ergonis Software today announced release of Typinator 6.10, a new version of their text expander utility for macOS. Typinator 6.10 comes with 50 improvements, including new features, compatibility... Read more
Taxi Sim 2016 Puts Users Behind the Wheel in...
Ovilex Soft today announces Taxi Sim 2016, an update to their ultra-realistic 3D driving simulator app for iOS and Android devices — literally a global event what with the company’s nearly 450,000... Read more
11-inch 1.6GHz/128GB MacBook Air on sale for...
Amazon has the current-generation 11″ 1.6GHz/128GB MacBook Air (sku MJVM2LL/A) on sale for $788 for a limited time. Their price is $111 off MSRP, and it’s the lowest price available for this model. Read more
Apple refurbished Mac minis available for up...
Apple has Certified Refurbished Mac minis available starting at $419. Apple’s one-year warranty is included with each mini, and shipping is free: - 1.4GHz Mac mini: $419 $80 off MSRP - 2.6GHz Mac... Read more
Apple refurbished 13-inch Retina MacBook Pros...
Apple has Certified Refurbished 13″ Retina MacBook Pros available for up to $270 off the cost of new models. An Apple one-year warranty is included with each model, and shipping is free: - 13″ 2.7GHz... Read more
12-inch 32GB and 128GB WiFi iPad Pros on sale...
B&H Photo has 12″ 32GB & 128GB WiFi Apple iPad Pros on sale for up to $70 off MSRP, each including free shipping. B&H charges sales tax in NY only: - 12″ Space Gray 32GB WiFi iPad Pro: $... Read more
Apple refurbished 11-inch MacBook Airs availa...
Apple has Certified Refurbished 11″ MacBook Airs (the latest models), available for up to $170 off the cost of new models. An Apple one-year warranty is included with each MacBook, and shipping is... Read more
WaterField Launches Kickstarter for Intrepid...
San Francisco based WaterField Design have announced their first Kickstarter campaign for the one-of-a-kind Intrepid iPhone Travel Wallet. The all-new design includes iPhone play-through capability... Read more
Five of Top 10 Worldwide Mobile Phone Vendors...
Global sales of smartphones to end users totaled 344 million units in the second quarter of 2016, a 4.3 percent increase over the same period in 2015, according to Gartner, Inc. Overall sales of... Read more
DriveSavers Offers $300 Off Data Recovery Ser...
DriveSavers, with more than 30 years of experience recovering photos, videos, contact lists, financial records and other important data that may have been kept on devices damaged or even destroyed by... Read more

Jobs Board

*Apple* Retail - Multiple Positions Germanto...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Professional Learning Specialist - A...
# Apple Professional Learning Specialist Job Number: 51234379 Portland, Maine, Maine, United States Posted: Aug. 18, 2016 Weekly Hours: 40.00 **Job Summary** The Read more
Lead *Apple* Solutions Consultant - Apple (...
# Lead Apple Solutions Consultant Job Number: 51218465 Richmond, VA, Virginia, United States Posted: Aug. 18, 2016 Weekly Hours: 40.00 **Job Summary** The Lead ASC Read more
*Apple* Solutions Consultant - Apple (United...
# Apple Solutions Consultant Job Number: 51218534 Pleasant Hill, California, United States Posted: Aug. 18, 2016 Weekly Hours: 40.00 **Job Summary** As an Apple Read more
*Apple* Retail - Multiple Positions Chestnut...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.