According to Apple Insider, the Cupertino-based will pay shareholders its second dividend with dolling out nearly $2.5 billion i.e. $2.65 per share dividend throughout the company’s 935 million outstanding shares. The move is the second time the company doing in the last 17 years, even after which has not paid in regular cash dividend since from 1995.
Apple’s chief executive Tim Cook noted that the company has “used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure.”
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