Apple Stocks hit over 600$/share

Boot Bullwinkle 1st Post
Economy
Apple Will Spend $45 Billion to Pay Dividends and Buy Shares Back
Jesus Diaz
gizmodo.com


Apple recently hit the 100 billion dollar mark. 100,000,000,000$. They could buy Walmart and then some. With stocks over 600$ per share, the company has decided to give a little back to its shareholders. The company will begin to dole out 2.65$ per share quarterly which comes out to about 1.7% which is better than most savings accounts. When was the last time you earned 10 dollars with 600 dollars in the bank?

They'll also use a meager 10 billion dollars to start share buy back program. Tim Cook, new CEO of Apple Inc. made the following statement about the company's fiscal decision.

"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. Even 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."

Through their dividends and share purchasing programs, Apple Inc. will be spending 45 billion if their 100 billion surplus. 55 billion is the biggest, sturdiest safety net that I've ever seen, and this economy it's amazing what Apple has done. Better buy some shares before the 600$ mark rises anymore.