- The Balance Of Power: The Clintons Look To Save Senate DemocratsPosted 5 hours ago
- Legal Lis: What’s the Next Step in the Adrian Peterson Child Injury Case?Posted 5 hours ago
- Yes or No? Scotland Votes On Independence Referendum [VIDEO]Posted 6 hours ago
- AFMW: Country Music Newcomer Chase BryantPosted 7 hours ago
- President Obama Insists No U.S. Combat Mission In IraqPosted 22 hours ago
- Fed Signals Plan To Keep Interest Rates Low For A “Considerable Time” [VIDEO]Posted 23 hours ago
- Bullet Points: Manhunt Underway for Suspect in PA State Trooper AmbushPosted 1 day ago
- FOX in the Fast Lane: Kicking Off The ChasePosted 6 days ago
- Obamacare Data Discrepancies Could Jeopardize CoveragePosted 3 months ago
iPad to iPay: Apple to Start Paying Dividend, Buy Back Shares
Thanks to the success of the iPod, iPad and their other devices, Apple will begin a new program: iPay – giving money back to their shareholders through a dividend and buy-back program.
FOX News Radio’s Jared Halpern has details:
Apple is sitting on nearly $100 billion in cash and securities. Now, shareholders will see some of that profit.
(Cook) “We also believe it will broaden Apple’s investor base by attracting new investors who don’t currently own Apple stock.”
CEO Tim Cook says the quarterly dividend program will start at $2.65 a share. Apple, also launching a $10 billion share buy-back program next fiscal year.
Apple stock is trading around $600 a share.
Jared Halpern, FOX News Radio.