The company spent $22.8 billion buying back its shares in just the first three months of 2018, a record for a U.S. company. Apple is responsible for nine of the 20 largest quarterly stock buybacks in S&P history. [America’s biggest companies are announcing stock buybacks. Thought of another way, the $22.8 billion Apple spent on its first quarter stock buyback is enough buy any of 275 companies in the Standard & Poor’s 500-stock index. Unlike dividend payments, which register as income and have immediate tax consequences, stock buybacks offer a big upside for shareholders.

Source: Washington Post May 03, 2018 15:56 UTC