Apple to pay dividend of $2.65 per share Aug. 16
Apple Inc.announced it would pay a dividend of $2.65 per share on Aug. 16.
The company made the announcement during its fiscal third-quarter earnings call Tuesday afternoon, saying the dividends will go to Apple stockholders of record on the close of business Aug. 13.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share,” Peter Oppenheimer, Apple’s chief financial officer, said in a statement. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”
Apple announced the dividends back in March as pressure mounted from investors for the tech company to do something with all its surplus cash.
The news came after Apple announced it would also be releasing its latest Mac OS X operating system, known as Mountain Lion, on Wednesday.
Overall, however, it was a bad day for the Cupertino, Calif., company, which failed to meet analysts’ earnings expectations, causing the company’s shares to plunge.
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