Apple taps $100B cash pile to pay dividend, buy back stock | Apple - CNET News: Apple plans to pay a dividend, finally putting to use a portion of its $100 billion cash hoard.
The company said it plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
In addition, Apple's board has authorized a $10 billion share repurchase program commencing in Apple's fiscal 2013, which begins on September 30, 2012. The repurchase program is expected to be executed over three years.