Apple Announces Biggest US Buyback Ever
Largest Company in the World Makes Historic Move
Apple's Board Authorizes $110 Billion Stock Buyback
In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever. The company's board has authorized a $110 billion stock buyback program, which is the largest of its kind in US history.
In addition to the buyback, Apple also increased its quarterly dividend by 4%. This brings the company's annual dividend to $0.25 per share.
The buyback and dividend increase are both signs of Apple's continued financial strength. The company has been generating record profits in recent years, and it has been using that money to reward shareholders and invest in its business.
The buyback is expected to reduce the number of Apple shares outstanding, which will increase the value of each remaining share. The dividend increase will provide investors with a steady stream of income.
Both the buyback and the dividend increase are positive news for Apple shareholders. They are a sign that the company is confident in its future and that it is committed to rewarding its investors.
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