To the Point
Apple to Use Cash Stockpile for Dividends, Stock Buybacks
The late Steve Jobs insisted that paying dividends would not increase company value for shareholders, but Apple's accumulated almost $100 billion in cash. During the eight years the co-founder was not with the company, Apple paid dividends, but when Jobs returned in 1995, the practice was discontinued.
By Warren Olney • • 1 min readThe late Steve Jobs insisted that paying dividends would not increase company value for shareholders, but Apple's accumulated almost $100 billion in cash. During the eight years the co-founder was not with the company, Apple paid dividends, but when Jobs returned in 1995, the practice was discontinued. His successor, Tim Cook, says things are about to change. After stock hit $600 a share last week, Apple's going to distribute some of that $100 billion in cash. Dan Gallagher is technology editor at MarketWatch.
