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Apple To Launch Largest Stock Repurchasing Plan In History

Posted by Soulskill on from the not-sure-if-confidence-or-overconfidence dept.

An anonymous reader writes "In conjunction with its earnings report for the second quarter of 2013, Apple issued a press release announcing some major plans for its ever growing stockpile of cash. It is increasing its quarterly dividend payout to investors by 15%. What's more, the company will spend $60 billion in stock repurchases, making it in Apple's words, 'the largest single share repurchase authorization in history.'"

1 of 282 comments (clear)

  1. Re:Dumbest idea, ever by Tough+Love · · Score: 0, Flamebait

    Translation for those unfamiliar with the drill: Apple shareholders want their money back now because they expect Apple management to steal or waste it otherwise.

    --
    When all you have is a hammer, every problem starts to look like a thumb.