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Tim Cook declines US$75 million dividend


In a Thursday SEC filing — as reported by “AllThingsD” (, Apple announced plans to award an US $2.65-a-share quarterly dividend on restricted stock units held by its employees. However, CEO Tim Cook is declining it.

From Apple’s 8K:“At Mr. Cook’s request, none of his restricted stock units will participate in dividend equivalents. Assuming a quarterly dividend of $2.65 per share over the vesting periods of his 1.125 million outstanding restricted stock units, Mr. Cook will forego approximately $75 million in dividend equivalent value.”

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