Apple Board Authorized Additional $110B For Share Repurchase, Increases Dividend 4% To $0.25
Portfolio Pulse from Benzinga Newsdesk
Apple's board has authorized an additional $110 billion for share repurchases and has increased its dividend by 4% to $0.25.

May 02, 2024 | 8:31 pm
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Apple has announced a significant increase in its share repurchase authorization by $110 billion and a 4% increase in its dividend payout to $0.25.
The authorization of an additional $110 billion for share repurchases and the increase in dividends by 4% to $0.25 are strong signals of Apple's financial health and commitment to returning value to shareholders. These actions are likely to be viewed positively by the market, potentially leading to a short-term increase in Apple's stock price. The substantial amount allocated for share repurchases can reduce the number of shares outstanding, potentially increasing earnings per share and making the stock more attractive to investors. The increase in dividends may attract dividend-seeking investors, further supporting the stock price.
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