Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 20 March 2012 11:53

Apple gives money to shareholders

Written by Nick Farrell



Time and space slow to a halt


The fabric of the universe was altered this morning as the news leaked out that Apple was going to give some of its cash pile back to investors.

Under Steve Jobs Apple had a policy of getting as much cash as it could from everyone and the sitting on it.  Apple Inc CEO Tim Cook has initiated a quarterly dividend and share buyback that will pay out $45 billion over three years. Strangely Cook wants to buy back up to $10 billion of its stock beginning in the next fiscal year which is odd because he is buying with the price being incredibly high. Companies usually have share buy-backs when the price is low and they can be snaffled up cheaper. 

The $10 billion annual dividend program, which Cook said will be reviewed periodically, ranks among the largest current U.S. corporate cash payouts. Sadly the figure announced was not that great.  Cook only paid a 1.8 percent dividend which is not really that great given the amount of cash Jobs Mob makes. Under Jobs' a dividend was often mentioned but not acted upon, he insisted the company needed the flexibility of a large cash pile.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments