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March 19th, 2012
05:30 PM ET

You may own stock in Apple without knowing it

CNN's Wolf Blitzer talks to Erin Burnett about Americans owning stock in Apple without knowing they do.

Here is the latest news on Apple's dividend and stock buyback announcement via CNNMoney.com:

Apple on Monday announced plans for much of the $97.6 billion in cash it has accumulated from massive iPod, iPhone, iPad and Macintosh sales.

The company said it would begin giving shareholders a quarterly dividend of $2.65 per share sometime its fiscal fourth quarter, which begins in July. Apple last offered a dividend in 1995 .

Apple (AAPLFortune 500) will also buy back $10 billion of its own shares over three years, beginning in October.

"We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure," Tim Cook, Apple's CEO, said in a prepared statement.

"Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program," he added.


Filed under: News • Tech
soundoff (4 Responses)
  1. Lolo

    I recently seaytd at a resort in Park City, where there are hot springs. This resort had four or five pools: of the three outdoors, two were hot-spring-filled hot tubs, and the other was a largish swimming pool. Indoors was a very large pool, with 1/3 being a kiddie pool with a wall that came up just under the waterline to separate the kiddie end from the deep side.From my reading of CATO commentary, they'd need to install 5 lifts to provide access to each pool. Would they get 5 tax credits? The trial lawyer in the video doesn't say, but he's not a tax lawyer, either. He's probably eager to get some lawsuits into court to get it all figured out, though.

    April 8, 2012 at 1:53 am | Reply
  2. Edgar Mièles

    Erin,
    you just had a guest who stated that the man who shot dead an african american teenager in Fla. is "half hispanic and half caucasian". I'm surprised that you did not correct such an illiterate statement. As I'm sure you know ,"hispanic" is but a cultural/language denomination with no bearing on race clessification. Many hispanics are pure blooded caucasians with nothing but european ancestry. Other hispanics are mainly of african discent and still many others are of mixed racial background. Think of Celia Cruz and Andy Garcia. Who would say that Andy Garcia is not caucasian? Yet they are both equally hispanics, and proud to be.It would be nice if you picked up on these illiteracies to help fight the embarassing ignorance of the general public. You people in the mass media have a big responsability in the information field.

    March 19, 2012 at 8:16 pm | Reply
  3. David

    Did Ms. Burnett or either of her guests bother doing any fact checking before airing the story on the shootings at the Jewish school in France today? Ms. Burnett seemed to not have a clue that the same gunman had been tied to the shootings of three French soldiers over the past week or so. One of her guests put forward the notion that these attacks were solely an anti-Semitic response (possibly tied to Iran), possibly by a Muslim shooter. If that were the case, why would the gunman have shot two soldiers who were Muslims?

    Please, do your homework before airing your "news" so that you don't look like total idiots.

    Thank you.

    David McGee
    Virginia

    March 19, 2012 at 7:19 pm | Reply
    • Edgar Mièles

      The french soldiers (parachutistes), though muslims, were executed as part of an anti-semitic terrorist act because they were considered as traitors to islam, according to the terrorist's own testimony...Frech muslims that enlist in the french armed forces are considered as collaborators with the enemy and thetrefore worth killing by terrorists. Ms. Burnett could have made this clearer.

      March 28, 2012 at 12:49 am | Reply

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