Apple will pay its first dividend since 1995 later this year and also plans to buy back $10 billion (Dh36.7 billion) of its stock, the company’s CEO said yesterday.
Investors will receive a regular quarterly dividend of $2.65 a share with the first payment coming sometime in the fiscal fourth quarter, which begins on July 1, Tim Cook said during a conference call in New York. Apple will also return some of its $97.6 billion in cash and investments to shareholders.
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