Tim Cook and Peter Oppenheimer gave an official Apple press conference today , where they announced the decision on what to do with the almost one hundred billion dollars in liquid that the company has in its coffers. And that decision has been, finally, to start a dividend and a share buyback program . Nota de prensa oficial de Apple
In accordance with Apple’s final board decision, the dividend (which will be $2.65 per share) will commence in the third quarter of this year and the share buyback program will commence at the end of the current fiscal year, effective September 30 of this year. The program will run for three years, with Apple spending $45 billion during that time period.
Tim Cook has commented on some details about the decision:
Peter Oppenheimer also wanted to leave a note about it:
The press has taken the opportunity to ask some questions to Apple’s executives, taking advantage of this press conference. Here are two of the interesting questions on a general level:
Q: Last quarter you talked about many more developments on the way, can you reiterate more about confidence in the future product line?
Tim: We love to announce new products, but we don’t do it during press conferences like this one. The growth speaks for itself and I am extremely confident about our future products. Our customers are going to be incredibly pleased with what is to come.
Q: Any official information about how the launch of the new iPad has gone?
Tim: It was a record-breaking weekend. We’re excited about it, but now it’s time to talk about the dividend and the stock buyback program.