Following Apple’s announcement earlier this year that the company would begin issuing dividends to investors, AppleInsider reports that Apple will issue their first round of dividend payment tomorrow, at $2.65 per share.
Apple resisted paying dividends for 17 years with Steve Jobs at the helm, and announced their dividend and stock buyback program to give back some of their growing pile of cash reserves to investors. Apple is expected to pay out around $2.5 billion to investors every quarter through 2015.
Notable, Tim Cook has declined to receive any dividend payments for his own shares. Even with their dividend payment, Apple is still accumulating cash far faster than they can spend it – although I certainly wouldn’t complain if they tossed a few grand in my general direction…
