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Apple decides how to use its 100 billion in cash

Apple announces a plan to spend part of its $100b cash pile.

| Business, Financial & Legal News | Posted: Mar 19, 2012 8:00 pm

Apple has decided just what it wants to do with its near 100 billion in cash reserves. Today, Apple announced that they would being buying back shares of stock to help fight the effects of dilution and start paying dividends of $2.65 a quarter which works out to about 1.8%. Let's put 1.8% in perspective. Intel pays 3%, Microsoft pays 2.5%, Texas Instruments pays 2.1%, and telecom giants like Verizon and AT&T pay out north of 5%.

 

TweakTown image news/2/3/23062_1_apple_decides_how_to_use_its_100_billion_in_cash.png

 

I highly doubt that Apple is doing this to juice stock prices, but they may be doing it to offload some payroll costs onto stock holders. Most likely, however, they are using it to end the questions that people have been asking endlessly. Think about it, having a 100b cash pile doesn't really help investors and only spurs questions about their future plans.

NEWS SOURCE
Apple.com

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