InfoAnda - Apple rewards investors with dividend, share buyback |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Martha Stewart's mishap with own dog sends her to ER | 14 January 2011
Snoop Dogg wins latest round in UK entry case | 5 March 2010
Zelaya vows return to Honduras | International | | 1 July 2009

Legoland Theme Park To Open In Central Florida | 23 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Apple rewards investors with dividend, share buyback |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Slideshow Video REUTERS TV BREAKINGVIEWS A slice of Apple Jeffrey Goldfarb and Breakingviews columnists discuss the $45 billion of dividends and buybacks at Apple and whether it really answers the question about the company’s enormous cash hoard. Video Should you sell your iPad 2 for a new iPad? iPad etching: Best swag from South by Southwest Follow Reuters Facebook Twitter RSS YouTube Read Drug-resistant "white plague" lurks among rich and poor 19 Mar 2012 Apple rewards investors with dividend, share buyback | 19 Mar 2012 Afghan shooting suspect "doesn't remember" incident: lawyer | 19 Mar 2012 Disney projects $200 million "John Carter" loss | 1:37am EDT Bangladesh's "teenage" brothels hold dark steroid secret 19 Mar 2012 Discussed 186 Dozens arrested at Occupy’s 6-month anniversary rally 154 Exclusive: U.S., Britain to agree emergency oil stocks release 119 Santorum to Puerto Rico: Speak English if you want statehood Watched Benghazi marks first anniversary of victory over Gaddafi forces Mon, Mar 19 2012 Clive Owen hopes to spook audiences with new film Mon, Mar 19 2012 Romney calls Santorum an 'economic lightweight' Mon, Mar 19 2012 Apple rewards investors with dividend, share buyback Tweet Share this Email Print Related News Apple has sold 3 million of its new iPad since launch Mon, Mar 19 2012 Foxconn not off hook after radio retraction, critics say Mon, Mar 19 2012 Apple CEO says product innovation remains priority Mon, Mar 19 2012 Instant View: Apple to pay dividend, buy back stock Mon, Mar 19 2012 How to Play It: A dividend strategy with Apple in mind Mon, Mar 19 2012 Analysis & Opinion Apple’s sensible dividend The meltdown explanation that melts away Related Topics Tech » Hot Stocks » Asian Markets » Media » iPad » Steve Jobs » Related Video Tech cos. should follow Apple and pay dividends: analyst Mon, Mar 19 2012 Reuters Today: Apple decides on $98 bln cash pile New iPad set to disrupt video game industry After Apple dividend: who is next? 1 of 16. Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai February 22, 2012. Credit: Reuters/Aly Song By Poornima Gupta SAN FRANCISCO | Mon Mar 19, 2012 9:33pm EDT SAN FRANCISCO (Reuters) - 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 $45 billion over three years. The world's most valuable company will start paying its first dividends since 1995 - a regular quarterly payout of $2.65 a share - in July, and buy back up to $10 billion of its stock beginning in the next fiscal year. The $10 billion annual dividend program, which Cook said will be reviewed periodically, ranks among the largest current U.S. corporate cash payouts. Yet it disappointed some fund managers, given a 1.8 percent dividend yield that lags the Standard & Poor's 500 average and its modest size versus a $98 billion war chest Apple has accumulated selling Macintosh computers and iPhones. On Monday, the company said it had sold 3 million of its latest, 4G-enabled iPads, setting a first-weekend record for the line of tablet computers. Cook told analysts on Monday that "making great products" remained top priority, echoing the sentiments of his former boss, who died last October after a long battle with cancer. Jobs' former lieutenant has impressed Wall Street since taking the helm. He made his mark revealing Apple's production partners and initiating investigations into allegations of labor abuse in its supply chain, and addressing investors directly at this year's Goldman Sachs conference. But the question of whether the operations maven can envision revolutionary products lingers for some. "Already we are seeing more openness, and more willingness to address issues on many different fronts under Tim Cook than we had seen in the past," said Connor Browne, portfolio manager of Thornburg Value Fund. "While all this other stuff is good, there is still some pressure on management to come out with fantastic products over the coming months," he said. Cook's move came less than a year after he was appointed head of the company and suggested to many a move away from Jobs' era, when a dividend was often mentioned but not acted upon. Under Jobs, Apple maintained that capital preservation was key and the company needed the flexibility of having a cash pile. Apple shares ended up 2.7 percent at $601.10, after notching a record of $601.77 just before its close on the Nasdaq. DIFFERENT STYLE When Cook was announced as CEO of one of the most highly recognizable brands, Wall Street feared he lacked Jobs' uncanny vision for ground-breaking consumer electronics. But Apple's shares have gained more than 50 percent since Jobs' death and set a record above $600 last week as investors noted the assurance with which Cook has taken the reins. Within company headquarters at 1 Infinite Loop, there remains a sense of urgency despite the success, former Apple executive and venture capitalist Jean-Louis Gassee said. Cook "was part of what made Apple such a juggernaut when Steve was running the show," Gassee said. "He now follows Steve's advice: Don't try to be me, be yourself." Michael Holt, analyst with Morningstar, said Cook was "putting his own slant on things" but some of the company's core areas, such as product development, have not changed under him. "The influence of Steve Jobs is very heavy on not only the current products, but also products that are in the pipeline," Holt said. "So it's kind of a balance." Cook, a former IBM executive and Apple long-time chief operating officer, oversaw the rollout of the iPhone 4S last year and presided over what he said on Monday was a "record weekend" of sales for the new, 4G-enabled iPad. "Innovation is the most important objective at Apple and we will not lose sight of that," Cook said during the rare late-quarter conference call. Many investors now await an Apple TV or a similar device: a gadget that will transform an industry the way the iPhone did. On a conference call, one of the first questions that cropped up regarded the product pipeline. Cook declined comment. "One of the risks with Apple in particular is that they have very little in recurring revenues. Most of the revenue is new sales, which means that innovation is absolutely critical," Oliver Pursche, manager of the GMG Defensive Beta fund." "That's one of the reasons that the PE is so low." FINALLY Apple joins the ranks of Silicon Valley blue chips that have recently begun doling out dividends, including Cisco Systems Inc, which announced its first-ever cash payout in March 2011. Among major technology companies, Apple rival Google Inc remains a prominent holdout. Analysts said the initiation of a regular payout would attract a broader investor base, but added that many funds had already piled in on hopes of a dividend, after Cook said this year there were active discussions at the top level about what to do with its $98 billion hoard of cash and securities. "A lot of mutual funds that say they're buying dividend companies had Apple in them. That shouldn't be, but I guess it was obvious that after Tim Cook spoke last time that this was the case," said William Lefkowitz, chief options strategist at VFinance Investments. Apple expects the share buyback program to run over three years, with the primary objective to offset the impact of employee stock options and equity grants. Its annual dividend yield will come in around 1.8 percent. That ranks above Oracle Corp and International Business Machines Corp but falls just short of the average of around 2.4 percent for companies in the Standard & Poor's 500 index, analysts say. The company will still maintain a "war chest" for other strategic opportunities, Cook said. "These decisions will not close any doors for us." The maker of the iPhone, iPad and iPod has $98 billion in cash and securities, equal to about $104 a share. Apple said it anticipated using about $45 billion of domestic cash in the first three years of its buyback and dividend programs. Asked about the substantial cash Apple has parked overseas, Chief Financial Official Peter Oppenheimer said the company had no plans to repatriate it at this time. "The current tax laws provide a considerable economic disincentive to U.S. companies that might otherwise repatriate the substantial amount of foreign cash that they have," he said. "That's our view. And we've expressed it." (Additional reporting by Yinka Adegoke, Sinead Carew, David Randall and Nicola Leske in New York and Tarmo Virki in Helsinki, Writing by Edwin Chan; editing by John Wallace, Gunna Dickson, Richard Chang and Matthew Lewis) Tech Hot Stocks Asian Markets Media iPad Steve Jobs Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 20 March 2012
Greece's Venizelos quits as finance minister to lead party to polls |
Egypt parliament votes to pay uprising victims |
Settlers grab Palestinian water springs: U.N. report |
U.N. nuclear watchdog says it received North Korea invitation |
Avalanche kills five skiers in Norway |
U.S. sets duties on steel wheels from China |
Adobe revenue slows ahead of upgrades, shares fall |
Disney projects $200 million 'John Carter' loss |
Director Kevin Smith dishes advice in new memoir |
Irish love story 'Once' explodes onto Broadway |
Clashes hit Syrian capital; West wants united front |
Gunman attacks Jewish school in France, four killed |
Afghan shooting suspect doesn't remember incident: lawyer |
Pakistan parliament committee demands end to U.S. drone strikes |
Explosions across Iraq kill at least 29 |
Monti's moment of truth, facing trade unions |
Of diapers and drugs, Iran's trouble paying bills |
Rape, torture plague Myanmar's Kachin conflict: rights group |
China, North Korea hold 2nd meeting on planned rocket launch: state media |
Chavez sees plot to kill Venezuela opposition rival |
Apple widens its lead in survey of app developers |
Apple rewards investors with dividend, share buyback |
Facebook underwriters to get 1.1 percent fee: source |
Disney projects $200 million John Carter loss |
Mistrial declared in Desperate Housewives trial |
Irish love story Once explodes onto Broadway |
Hollywood's big appetite for Hunger Games |
Oprah Winfrey's OWN network lays off 30 in restructuring |
Iran will attack to defend itself: Khamenei |
Bahrain says significant progress made on reforms |
Israel to phase out civilian atomic reactor by 2018 |
Protests loom as Hong Kong braces for new leader |
Thousands attend funeral of Egypt's Pope |
Kuwait says Iran has assured it will not shut Hormuz |
Syrian cartoonist paid price for getting personal |
Windows Phone surpasses Symbian in Britain: survey |
French data watchdog questions Google on privacy |
Cisco to secure employees' personal devices |
Apple iPad investigated for reports of excess heat |
Japan's scandal-hit Olympus to launch new medical devices |
George Michael fighting fit, to re-start tour |
German director wins prestigious Ibsen theatre prize |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01