SAN FRANCISCO: Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out US$45bil (RM135bil) over three years.
The world’s most valuable company will start paying its first dividends since 1995 — a regular quarterly payout of US$2.65 (RM7.95) a share — in July, and buy back up to US$10bil (RM30bil) of its stock beginning in the next fiscal year.
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