Something that hasn’t happened since 1995 was announced by the one of the biggest companies in the world. Apple will begin paying out dividends in July at $2.65 a share. The following fiscal year they will be buying back up to $10 billion and this is all under Cook’s supervision, which seems to come with a different idea than the late Steve Jobs.
It’s really no surprise that Apple Inc. has managed to accrue so much wealth over the years. With their latest addition to their portfolio – the new iPad – they have already sold more than 3 million devices, making them a best-seller in the first weekend it was out.
Being that that Cook has held the spot at CEO for less than a year, many have stated that a new type of management is coming to the company. Without doubt, the pay out of dividends is very different than what Steve Jobs did during his time, especially because he said capital preservation was essential for Apple.