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Tag: apple stock

Apple's $14 billion stock buyback helps save money on dividend payments

Tim Cook yesterday revealed that Apple in the last two weeks alone snatched up US$14 billion worth of its own shares. That's an astounding figure that really puts Carl Icahn's investment in Apple to shame. To help put the $14 billion buyback into context, this tweet from Sammy the Walrus IV...

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Apple buys back $14 billion worth of own shares in 2 weeks and other news for Feb. 6, 2014

The Wall Street Journal is reporting that Apple, in the last two weeks alone, repurchased US$14 billion worth of its own shares. Recall that when Apple announced its earnings two weeks ago, the company posted an all-time quarterly record for revenue, along with record iPhone and iPad sales. But...

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To date, Apple has spent $28 billion on stock buybacks and $15.8 billion on dividend payments

Apple last April announced plans to substantially increase its dividend and share-repurchasing program to US$100 billion. Apple's press release at the time explained that the company "expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015." Of that...

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Apple files Preliminary Proxy Statement with SEC, urges shareholders to oppose Carl Icahn's share buyback proposal

Apple on Friday posted its Preliminary Proxy Statement with the SEC. The statement provides notice that Apple's annual shareholders meeting is scheduled to take place in 2014 on Friday, February 28. The meeting will see shareholders consider five proposals, one of which is activist investor Carl...

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33 years ago today, Apple launched its IPO

On December 12, 1980, Apple became a public company when it launched its IPO. Shares were initially priced at US$22, making a number of Apple employees, including a young Steve Jobs, instant millionaires. EDN reports: The shares sold out almost immediately and the IPO generated more capital...

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Why following Apple stock is not for the faint of heart

The unveiling of the iPhone 5s and 5c precipitated a nearly 51-point drop in shares of Apple, falling from US$505 to $454 in less than a week's time. The recent decline in Apple's share price serves as a prime example of why keeping a close eye on Apple's stock performance is often an exercise in...

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How iPhone launches affect the price of Apple stock

With Apple's iPhone event about a day away, we can expect new iPhones to hit store shelves in just a few weeks. While a few rumors have pointed to a September 20 launch date, we'll have to wait until tomorrow to know for certain. Either way, an iPhone launch is steadily approaching. That being...

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Icahn reportedly invested over $1.5 billion in Apple, stake in company still less than 1%

While initial reports indicated that billionaire investor Carl Icahn invested US$1 billion in Apple stock, the Wall Street Journal is now reporting that Icahn may have put more than $1.5 billion into Apple. Recall that shares of Apple skyrocketed by over 20 points yesterday following word of...

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ITC's ban of certain Samsung devices boosts Apple market cap

Propelled by a favorable ITC ruling last Friday, shares of Apple shot up by US$12.91 on Monday, finishing the trading day at $467.36. Indeed, shares of Apple on Monday closed at their second highest level since February of 2013. Though the success of the iPhone is routinely measured against Android...

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Numerous Apple executives sell millions of dollars' worth of shares

Last Friday we reported on a new SEC filing from Apple which relayed that Apple's Board of Directors tweaked Tim Cook's compensation package by adding a performance metric to his stock options. In addition, there were a number of other SEC filings from Apple which disclosed that a number of top...

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Apple's $17 billion bond deal allows it to avoid $9.2 billion tax hit

Yesterday I reported on the clever economics behind Apple's US$17 billion bond deal, specifically pointing out that the interest Apple will owe on each share it repurchases will be less than the dividend it would have otherwise been responsible for. Going a bit further, Businessweek did some...

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The clever economics behind Apple's $17 billion bond offering

Apple on Tuesday raised $17 billion via a bond offering as part of its recently announced capital program which aims to return $100 billion to shareholders by the end of 2015. Apple's capital return program is comprised of two components: an increased quarterly dividend of $3.05 a share and a $55...

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Russia's richest man takes a $100 million interest in Apple

Over the past few weeks, shares of Apple have been trading at 52-week lows. Earlier this month, shares of Apple dipped below US$400 a share for the first time since 2011. Shockingly, Apple had a P/E ratio lower than Dell's for a few days last week. Over the past week, however, shares of Apple have...

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Apple already taking steps to prepare for its upcoming debt sale

Apple last week announced that it would embark on a massive stock repurchasing plan whereby it will purchase US$60 billion worth of its own shares by the end of 2015. In a press release on the matter, Apple called it the "largest single share repurchase authorization in history." What's more, the...

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Apple increases dividend by 15%, poised to embark on large stock-repurchasing plan

In conjunction with its earnings report for Q2 2013, Apple issued a press release announcing some major plans for its ever-growing stockpile of cash. In March 2012, Apple announced that the company would be instituting a $2.65/share dividend on a quarterly basis with Apple's first dividend...

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