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Monday, 19 March 2012 07:36

Apple may pay dividends first time since 1995

Written by Nedim Hadzic

apple

To spill the beans at upcoming conference

Apple's announced conference is scheduled for 13:00 GMT today and the company is expected to reveal what it will do with the $98 billion it's sitting on.

Recent comments by Apple's CEO Tim Cook suggested that the company may pay dividends to shareholders, which would be the first time since 1995. Already the year after, Apple posted a net loss of $816 million.

Speaking at an annual shareholder meeting, Cook noted that the cash is more than they need to run a company.  Analysts claim Apple may pay annual dividend of up to $14.65 per share. Going by data from Friday, Apple's market value is about $546 billion.

More here.


Last modified on Monday, 19 March 2012 12:00

Nedim Hadzic

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