Apple, one of the world’s richest companies, will reward investors with a dividend- and share-purchase program totaling $ 45 billion over three years, the company said Monday.
In a departure from the direction of late chief executive Steve Jobs, Apple will significantly draw from its massive $ 98 billion cash war chest to initiate a quarterly dividend of $ 2.65 per share sometime in the fiscal quarter beginning July 1. The plan must be approved by the company’s board of directors.
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