SAN JOSE, Calif. — Apple’s tax break on its overseas profits is turning into a $102 billion boon for shareholders. Raising the dividend by 10 cents per share will cost Apple an additional $2 billion annually, based on its current outstanding stock. Apple also will spend $100 billion more buying back its stock, a move that will enrich shareholders by helping to drive up the company’s stock price. Now, the Cupertino, California, company is bringing most of the money home in a move that will generate a $38 billion tax bill for Apple and a windfall for shareholders. That pledge implies Apple has $163 billion to spend, in addition to the roughly $60 billion in cash flow that now accumulates annually from its ongoing sales.

Source: National Post May 01, 2018 20:50 UTC