{"id":223,"date":"2012-03-20T09:17:31","date_gmt":"2012-03-20T02:17:31","guid":{"rendered":"http:\/\/news.appota.com\/?p=223"},"modified":"2012-03-19T23:19:58","modified_gmt":"2012-03-19T16:19:58","slug":"apples-plans-for-100b-cash-reserve","status":"publish","type":"post","link":"https:\/\/news.appota.com\/en_US\/apples-plans-for-100b-cash-reserve\/","title":{"rendered":"Apple\u2019s plans for $100B cash reserve"},"content":{"rendered":"

\"\"<\/p>\n

 <\/p>\n

Apple Announces Plans to Initiate Dividend and Share Repurchase Program<\/strong><\/p>\n

Expects to Spend $45 Billion Over Three Years<\/p>\n

CUPERTINO, Calif.\u2013(BUSINESS WIRE)\u2013Apple\u00ae today announced plans to initiate a dividend and share repurchase program commencing later this year.<\/p>\n

\u201cEven with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.\u201d<\/p>\n

Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.<\/p>\n

Additionally, the Company\u2019s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company\u2019s fiscal 2013, which begins on September 30, 2012. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.<\/p>\n

\u201cWe 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\u2019ll see more of all of these in the future,\u201d said Tim Cook, Apple\u2019s CEO. \u201cEven with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.\u201d<\/p>\n

\u201cCombining dividends, share repurchases, and cash used to net-share-settle vesting RSUs, we anticipate utilizing approximately $45 billion of domestic cash in the first three years of our programs,\u201d said Peter Oppenheimer, Apple\u2019s CFO. \u201cWe are extremely confident in our future and see tremendous opportunities ahead.\u201d<\/p>\n

Apple will provide live streaming of a conference call to discuss its plans beginning at 6:00 a.m. PDT on Monday, March 19, 2012 at www.apple.com\/quicktime\/qtv\/call31912. The Company will not be providing an update on the current quarter nor will any topics be discussed other than cash. This webcast will also be available for replay for approximately two weeks thereafter.<\/p>\n

Source: BGR<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

  Apple Announces Plans to Initiate Dividend and Share Repurchase Program Expects to Spend $45 Billion Over Three Years CUPERTINO, Calif.\u2013(BUSINESS WIRE)\u2013Apple\u00ae today announced plans to initiate a dividend and share repurchase program commencing later this year. \u201cEven with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash […]<\/p>\n","protected":false},"author":9,"featured_media":224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[17,8],"yoast_head":"\nApple\u2019s plans for $100B cash reserve - Appota News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.appota.com\/vi\/apples-plans-for-100b-cash-reserve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple\u2019s plans for $100B cash reserve - 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