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.
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!