Stock repurchase
Last chance to buy Apple before it goes ex-dividend
May 8, 2013: 11:43 AM ETShares purchased before the markets close Wednesday May 8 can collect $3.05 apiece.
FORTUNE -- Apple (AAPL) announced April 23 that it was increasing its stock repurchase plan five-fold and raising its annual dividend 15%.
The first dividend pay date under the new formula is May 16 for shares on record as of May 13. Which means the stock goes ex-dividend on May 9.
All that is a long, complicated and unnecessarily obscure way to say that if you want to collect this quarter's dividend of $3.05 a share, today is your last chance to buy the stock.
Since Apple announced the increased dividend and stock buyback plan, its shares have climbed more than 18%.
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Apple raises $17 billion in record-breaking bond offering
Its six-part debt issue was immediately oversubscribed.
FORTUNE -- Steve Jobs didn't like to borrow money. For the nearly 15 years he ran Apple (AAPL) as CEO -- interim or otherwise -- the company was debt-free and, for the last half-dozen years, cash rich.
But Jobs loved superlatives and nice round numbers with lots of zeroes, and there was much he might have liked about Apple's first venture into the capital markets MORE
Philip Elmer-DeWitt - Apr 30, 2013 3:42 PM ET -
Apple to start buying Apple
The stock repurchase plan announced in March begins this week
FORTUNE -- Almost lost in the news last March 19 that Apple (AAPL) was initiating a $2.65-per-share dividend was Part 2 of the two-part announcement: A three-year $10 billion stock repurchase plan commencing in fiscal 2013, which began on Sunday.
The repurchase plan -- designed to offset the shares Apple was giving its employees in lieu of larger salaries -- was neither MORE
Philip Elmer-DeWitt - Oct 1, 2012 6:48 AM ET
