Apple Announced Its Largest-Ever Stock Buyback Under Tim Cook's Leadership. Here's Why the Size of the Repurchase Program Matters for Shareholders.
No company has bought back more of its shares than Apple over the last decade.
Overview
When Tim Cook became CEO of Apple (NASDAQ: AAPL) in 2011, one of his biggest strategic shifts was returning capital to shareholders. He reinstated the company's dividend in 2012 and, more importantly, launched a massive stock buyback program.
Apple has spent more than any other company on stock buybacks over the last 10 years, according to research by The Motley Fool. Here's a closer look at how much it has spent and why this benefits shareholders.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.