Skip to main content

Apple to distribute dividends and execute share buyback amounting to $45 billion

In post Steve Jobs era, new Apple CEO Tim Cook has decided the time is ripe to distribute dividends and execute share buyback. Apple is now sitting on a massive $97 billion cash balance.

Quote from Apple's press release:

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.

Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s 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.

This would means Apple will be spending approximately $45 billion of its $97 billion cash reserves on dividends and share buyback in the first three years of these new programs. For your information, Apple last distributed dividends in 1995.

Popular Posts

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

China adds Skype onto its "Illegal" list

Skype may soon join Twitter, Facebook, and YouTube on China's Internet blacklist. This is after the Chinese regulator having declared Internet phone services other than those provided by China Telecom and China Unicom as illegal.

Such move was criticized as being used as a measure to protect the duopoly of state-owned telecom carriers.

VoIP decision means Skype now illegal [via]