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

Videos Highlighting The Latest Search Trends.
March 19 2012 3:14 PM

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

141429546
(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.

Advertisement

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.

TODAY IN SLATE

Frame Game

Hard Knocks

I was hit by a teacher in an East Texas public school. It taught me nothing.

Chief Justice John Roberts Says $1,000 Can’t Buy Influence in Congress. Looks Like He’s Wrong.

After This Merger, One Company Could Control One-Third of the Planet's Beer Sales

Hidden Messages in Corporate Logos

If You’re Outraged by the NFL, Follow This Satirical Blowhard on Twitter

Sports Nut

Giving Up on Goodell

How the NFL lost the trust of its most loyal reporters.

How Can We Investigate Potential Dangers of Fracking Without Being Alarmist?

My Year as an Abortion Doula       

  News & Politics
Weigel
Sept. 15 2014 8:56 PM The Benghazi Whistleblower Who Might Have Revealed a Massive Scandal on his Poetry Blog
  Business
Moneybox
Sept. 15 2014 7:27 PM Could IUDs Be the Next Great Weapon in the Battle Against Poverty?
  Life
Outward
Sept. 15 2014 4:38 PM What Is Straight Ice Cream?
  Double X
The XX Factor
Sept. 15 2014 3:31 PM My Year As an Abortion Doula
  Slate Plus
Tv Club
Sept. 15 2014 11:38 AM The Slate Doctor Who Podcast: Episode 4  A spoiler-filled discussion of "Listen."
  Arts
Brow Beat
Sept. 15 2014 8:58 PM Lorde Does an Excellent Cover of Kanye West’s “Flashing Lights”
  Technology
Future Tense
Sept. 15 2014 4:49 PM Cheetah Robot Is Now Wireless and Gallivanting on MIT’s Campus
  Health & Science
Bad Astronomy
Sept. 15 2014 11:00 AM The Comet and the Cosmic Beehive
  Sports
Sports Nut
Sept. 15 2014 9:05 PM Giving Up on Goodell How the NFL lost the trust of its most loyal reporters.