Original title: Apple stock repurchase scale increases by another 100 billion US dollars: the total amount is 310 billion US dollars
4hw.com.cn on Tuesday, when Apple announced its financial report, it said it plans to increase the size of stock repurchase to US $100 billion, and increase the size of Apple's entire stock repurchase to US $310 billion. This practice reflects that apple is quite optimistic about the tax reform measures.
According to the company's tradition, Apple will announce its share repurchase, dividend and other capital return plans when it publishes its second quarter results. According to the plan, Apple will complete the part beyond the current $210 billion repurchase line in the third quarter.
As one of the most profitable companies in the world, Apple has accumulated huge net income over the years. Apple's cash reserves were $267.2 billion at the end of the last quarter. But recently, there has been a relatively high tax rate on the overseas part of the money.
Apple began to implement the capital return plan in 2012 and has returned $275 billion to shareholders so far.
On the dividend side, apple raised its quarterly dividend by 16%, from 63 cents to 73 cents. The average will rise to 74 cents, according to analysts' forecasts.
At the end of last year, the United States cut corporate tax rates. Since then, Apple has said it will repatriate most of its cash from overseas.
Luca Maestri, Apple's chief financial officer, said the full buyback plan would be updated within 12 months.