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Apple, Movies and dividend increases its buyback program



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<P class = "fabric-atom-canvas text MB (1.0em) MB (0) – see Matt (0.8em) – see" type = "text" content = "apple (NASDAQ: AAPL) It reported its financial results for the second quarter after the market closes on Tuesday. The company's better than expected, and NBSP; income and earnings per share for the period have taken the spotlight. Record quarterly revenues of services and significant growth IPad and wearable segments has helped soften the decline compared to the same year, caused by the decline in iPhone sales. "These reactid =" 11 ">apple (NASDAQ: AAPL) It reported its financial results for the second quarter after the market closes on Tuesday. better-than-expected revenues and earnings per share for the period of the campaign took the spotlight. Record quarterly revenues of services and significant growth IPad and worn segments of the company helped to moderate the decline year after year, due to iPhone sales decline.

But some interesting news for the financial results of the period was the last annual growth of Apple in its capital return program. Technology giant has approved another increase in the dividend and authorized more money for the redemption of shares.

Here's a look at the updated capital return program.

Apple's, a shop in Bangkok, Thailand

Image Source: Apple.

More cash for shareholders

<P class = "fabric-atom-canvas text MB (1.0em) MB (0) – see Matt (0.8em) – see" type = "text" content = "marking the seventh & NBSP; annual dividend growth, so as Apple, initiated its dividend in 2012. Technical giant said it is raising its annual dividend by 5% & NBSP ;. Although a slight increase, it comes on top of a strong 16% increase in dividends last year. "Data reactid =" 27 "> Marking its seventh annual dividend increase since Apple began its dividend in 2012. Technology giant said it is raising its annual dividend by 5%. Although a slight increase, it comes on top of a strong 16% increase in dividends last year.

The new quarterly dividend is $ 0.77 and is payable May 16 to shareholders of record as of the close of business on May 13 for $ 3.08 per year, this gives Apple's new dividend, stock dividend yield of 1.5% based on the closing after stock price of the company earnings release next financial giant THOSE second quarter.

Apple's board also announced a significant increase in the program split the ransom. "Given our confidence in the future of Apple and the value we see in our stock, our Board has authorized an additional $ 75 billion on share buybacks," said Apple, the CFO Luca maestro. Although this amount is less than the $ 100 billion authorized last year, it is still different, because it is an additional permit – not a replacement.

<H2 class = "fabric-atom-canvas text MB (1.0em) MB (0) – see Matt (0.8em) – see" type = "text" content = "Apple, wants to become a net cash neutral"Data-reactid =" 30 ">Apple, wants to become a net cash neutral

Apple, CFO Luca maestro confirmed in the second quarter earnings call the company, which is still the company's plan to achieve net cash neutral position for a long time. This means that Apple wants to eventually have an equal amount of debt and cash.

With $ 113 billion in net cash at the end of the second fiscal quarter, it's going to take some time this figure to come down. But the company is making progress toward that goal, so as Apple, has returned more than $ 27 billion to shareholders through dividends and repurchase in the second fiscal quarter – a period in which the operating cash flow was $ 11.2 billion. Net cash provided by Apple markedly compared with $ 130 billion at the end of the first quarter of fiscal 2019.

How and when Apple, to get to the net cash neutral position for a long time is unclear. But most of the ransom for the next 12 months, as Apple, pays a higher dividend, are likely to get a technical giant closer to your goal.

<P class = "fabric-atom-canvas text MB (1.0em) MB (0) – see Matt (0.8em) – see" type = "text" content = " More from Motley Fool "Data-reactid =" 34 "> More from Motley Fool

<P class = "fabric-atom-canvas text MB (1.0em) MB (0) – see Matt (0.8em) – see" type = "text" content = "daniel Sparks It has no positions in any of the above stocks. Motley Fool owns shares and recommends Apple. Motley Fool has the following options: long January 2020 $ 150 calls to Apple, and short in January 2020 $ 155 calls to Apple. Motley Fool has disclosure policy."Data-reactid =" 42 ">Daniel Sparks has no positions in any stocks mentioned. Motley Fool owns shares and recommends Apple. Motley Fool has the following options: long January 2020 $ 150 calls to Apple, and short in January 2020 $ 155 calls to Apple. Motley Fool has a disclosure policy.

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