Photo detail

FILE - In this Oct. 4, 2011 file photo, Apple CEO Tim Cook gestures during the introduction of the iPhone 4S, at Apple headquarters in Cupertino, Calif. Apple Inc. is finally using its $98 billion pile of cash to reward shareholders, saying it's instituting both a dividend and share buyback program. (AP Photo/Paul Sakuma, File)

Stories this photo appears in:

Tease photo

Apple to pay dividend, start stock buybacks

NEW YORK (AP) Apple is finally acknowledging that it has more money than it needs. But don't expect it to cut prices on iPhones and iPads. Instead, the company said on Monday that it will reward its shareholders with a dividend and a share buyback program.Apple, the world's most valuable


Use the comment form below to begin a discussion about this content.

Sign in to comment