The dividend program, which will begin in the fourth quarter of Apple’s 2012 fiscal year, will see payments of US$2.65 per share to shareholders. Apple’s fourth quarter finishes at the end of September.
This payout represents US$9.9 billion in annual dividend payments to shareholders and a 1.8 percent yield, according to Forbes.
Forbes has a slideshow showing America’s Biggest Dividend Payers and how much of a dividend they paid in 2011 as a comparison to Apple’s projected sum.
- US Telecom AT&T paid a US$10.2 billion dividend
- Exxon Mobil paid US$8.7 billion dividend
- General Electric paid US$6.8 billion dividend
- Johnson & Johnson paid US$6.2 billion dividend
- Chevron paid US$6.1 billion dividend
Pfiser, Microsoft, Proctor & Gamble, Verizion and Walmart also feature in Forbes slideshow.
In addition to its dividend payout, Apple will begin rebuying shares ultimately worth US$10 billion, beginning in its 2013 fiscal year, which starts September 30. Apple expects the process to take around three years and says that the intention behind the program is “neutralising the impact of dilution from future employee equity grants and employee stock purchase programs.”