Apple Will Pay Dividend to Investors From $97 Billion Cash Surplus

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March 19 2012 3:14 PM

 Apple Will Pay Quarterly Dividend to Investors From $97 Billion Cash Surplus

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(A customer purchases the new iPad which went on sale around the world on March 16, 2012 in New York City. Simply called the iPad, the new tablet replaces the iPad 2 and features a high-pixel-count 'retina display'.)

Photo by Spencer Platt/Getty Images

Time for some iSharing: If you own Apple stock, you’re going to get a little slice of the $97.6 billion sales pie!

The company’s giant sales numbers from computers, iPads, iPhones, and iPods, along with rising stock, had investors wondering how they might be compensated for the tech giant’s recent success, and now they have an answer. Apple announced today that its shareholders can look forward to a quarterly dividend of $2.65 sometime after July, during the tech company's fiscal fourth quarter.

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CEO Tim Cook has estimated the dividend will cost the company about $2.5 billion per quarter, making them one of the largest payers in the United States. But Apple heads hope the dividend will also draw new investors, and new gobs of cash. As if they needed it!

Ben Johnson is the producer of Marketplace Tech from American Public Media.

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