Apple Inc. gears up to distribute $3.2 billion in dividends to shareholders
On August 11, Apple will pay shareholders of record a quarterly dividend of $0.57 per share, but investors must have had settled ownership of the company's stock on Tuesday August 8 in order to qualify. Apple will pay out $3.2 billion in dividends on its outstanding shares for the quarter.
Apple has been paying its shareholders a dividend about a month and a half after the end of each fiscal quarter ever since it declared its modern dividend plan in the summer of 2012.
The August dividend will be the ninth to occur since the company issued a 7-for-1 stock split. That split also converted the dividend from $3.29 per share to 47 cents per share, which Apple subsequently increased last year to 52 cents.
