Apple Sauce

This morning Apple ($AAPL) announced a $10 billion share buyback and a $2.65-per-share quarterly dividend to be paid out going forward – a yield of roughly 1.77% at today’s prices around $600.  Apple was smart to start relatively small, it gives the company room to raise both the buyback amount (should the stock get hit) and the dividend on a regular basis.

The company sits on over $100 billion in cash, equal to roughly a hundred dollars a share.  It is also generating an obscene amount of new cash, $16 billion in the last quarter alone.

Here’s CEO Tim Cook via MarketWatch:

“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,” Apple CEO Tim Cook said in a statement.

This was pretty much what I expected although the yield is slightly below the 2.5% The Street “wanted”.  Apple does a great job at pretending it cares about what Wall Street wants.

Move along folks, nothing to see here, business as usual for the greatest company on earth.

Source:

Apple to start quarterly dividend, buybacks (MarketWatch)

 

 

What's been said:

Discussions found on the web
  1. Bitcoin Era Review commented on Sep 21

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]

  2. immediate edge review commented on Sep 29

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]

  3. 안전공원 commented on Oct 17

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]

  4. Vape juice commented on Oct 29

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]

  5. buy dumps with pin commented on Oct 31

    … [Trackback]

    […] There you can find 12070 additional Information on that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]

  6. Bilskrot commented on Nov 19

    … [Trackback]

    […] There you will find 58322 more Info on that Topic: thereformedbroker.com/2012/03/19/apple-sauce/ […]