Apple announces $0.26 dividend after record $416B fiscal year
Apple has declared a dividend of $0.26 per share, payable on Thursday, November 13. This follows a strong fiscal year, marked by record revenue and robust growth in key sectors.
The tech giant's capital return program has seen over $24 billion flow back to shareholders in the last quarter, including $20 billion in share buybacks. This dividend is a part of that program.
Apple's fiscal year closed with total revenue of $416 billion. The fourth quarter alone brought in a record $102.5 billion, an 8% year-over-year increase. Both the iPhone division and Services sector delivered record revenues. The Services sector hit an all-time high of $28.8 billion, a 15% increase. Earnings per share surged 13% to $1.85, surpassing analyst estimates.
Looking ahead, Apple forecasts double-digit revenue growth for the current quarter, driven by strong demand for the new iPhone 17. Despite substantial returns to shareholders, the company remains bullish for the current quarter.
Apple's strong fiscal performance has resulted in a dividend of $0.26 per share. With record revenues and a positive outlook, the company continues to show robust growth and confidence in its future.
