Apple?s plans for $100B cash reserve: $10 billion stock repurchase, $2.65 quarterly dividend

Apple on Monday hosted a conference call to reveal the fate of at least some of the $100 billion in cash and cash�equivalents�the company has amassed over the past few years. Apple announced that it plans to repurchase $10 billion of stock over the next three years, in addition to paying out a $2.65 quarterly dividend. Over the next three years, the compay expects to spend $45 billion. Apple’s press release follows below. Apple Announces Plans to Initiate Dividend and Share Repurchase Program Expects to Spend $45 Billion Over Three Years CUPERTINO, Calif.–(BUSINESS WIRE)–Apple� today announced plans to initiate a dividend and share repurchase program commencing later this year. “Even with these investments, we can maintain a war chest for

Source: http://www.bgr.com/2012/03/19/apples-plans-for-100b-cash-reserve-10-billion-stock-repurchase-2-65-quarterly-dividend/

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