Apple has made it official on what they’ll do with their vast cash reserves. The iPad maker will initiate a quarterly dividend of $2.65 per share in Q4 of fiscal 2012. Furthermore, the company will also use $10 billion for its share repurchase program from fiscal 2013 for three years with an aim to “neutralize the impact of dilution from future employee equity grants and employee stock purchase programs.”
Apple expects to use about $45 billion of its cash reserves from this program and have more than half to invest in R&D, purchase components, open retail stores and merger and acquisitions.
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