AAPL Stock: IPad Dividend Tea, Redemption

AAPL Stock: IPad Dividend Tea, Redemption: Here's some money. In a dramatic turn in the years when Steve Jobs headed, Apple, finally, weaken his wallet, announcing a plan for $ 10 billion in share repurchases and dividends to shareholders.

But make no mistake, this is a reasonable statement, which many investors expected. The quarterly dividend of $ 2.65 per share, equal to 1.8% yield based on the current stock price. Payment of the most valuable company in the world, the less the dividend declared on Microsoft, Hewlett-Packard and several other high-tech companies.

Due to the sharp rise in sales of iPhones and iPads, even with this ad, $ 100 billion hoard Apple, cash is likely to continue to grow in the future.

"Quarterly Dividend will provide current income for shareholders, and we also believe that it is expanding the investor base from Apple, to attract new investors, who currently do not have stocks Apple," said Apple CEO Tim Cook.

He's probably right. The split opens up Apple's stock ownership to a wider range of mutual funds. Many value-oriented products is not allowed to buy stocks that pay no dividends.

For years, Steve Jobs has resisted calls to pay dividends. He said that money was used to give greater flexibility to Apple, for example, giving him the opportunity to acquire other companies.

Cook and Peter Oppenheimer, chief financial officer assured analysts and journalists that they have more than enough money to grow their business.

During the conference, Cook said he sees no "cap features" and that "innovation is the most important challenge to Apple, and we do not lose sight of."

He added that "these decisions will not close all the doors for us."

Oppenheimer said that Apple has a lot of money at home, to go ahead with the plan of dividends and redemption. On the question of how Apple will use its extensive collection of cash abroad, he said that Apple's position is that U.S. tax law "has a substantial economic deterrent for U.S. companies that could be repatriated in the form of money." In other words, Apple does not pay the tax.

Apple, shares rose 1 percent in trading this morning.