Apple Announces $100 Billion Stock Buyback Amid Market Turmoil
Apple unveils a massive $100 billion stock buyback plan and hikes dividends by 4%, providing a glimmer of hope to investors amidst market turbulence.
By Blip Tech
1 min read
Apple to Buy Back $100 Billion in Stock, Raise Dividend by 4%
Apple has announced a new stock buyback program worth $100 billion and an increase in dividends by 4%, bringing the dividend payment to $0.26 per share. This move comes at a time when Apple stocks are trading below their December peak of $259, largely due to tariffs that were recently imposed, causing significant market uncertainty.
The new buyback program is similar in size to the one announced in May 2024, which was set at $110 billion with a 4% dividend increase. Despite the current economic challenges, Apple's Q2 earnings still beat Wall Street expectations, though they did not surpass the company's record from 2022, with revenues totaling $95.4 billion.
