Apple CEO Tim Cook speaks during an Apple event in San Francisco, Wednesday, Sept. 12, 2012. (AP Photo/Jeff Chiu)
For the second time in only 17 years, Apple will give its shareholders a dividend today that means a $2.5 billion payout for the tech company.
The $2.5 billion comes out to $2.65 per share, and is expected to reward its investors with its pile of cash, according to AppleInsider. The news last August about a dividend threw Wall Street into a tizzy, and there was some ferocious trading to cash in on the $2.65 per share Aug. 16.
Chief executive Tim Cook first announced the dividend program in March, and Apple will pay the $2.65 dividend each quarter across its 935 million shares for the next three years. Cook has previously said that even with Apple's many investments into research and development, acquisitions and retail, it still isn't making a dent.
“Even with these investments,we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program," Cook said.
Even with the $2.5 billion payout, it hasn't reduced Apple's cash flow. So this thank-you to investors isn't costing Apple anything, and it also has the advantage of boosting stock value a little -- something Apple's shares need now..