Apple pays investors with dividend and share buyback

Apple Inc CEO Tim Cook fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

The world's most valuable technology company will start paying its first dividends since 1995 -- a regular quarterly payout of $2.65 a share -- in July, and buy back up to $10 billion of its stock beginning in the next fiscal year.

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