Apple has returned almost $300 billion since fiscal 2012
Apple (AAPL) returned close to $300 billion to its shareholders between fiscal 2012 and the fiscal third quarter. The company returned $143.5 billion between fiscal 2012 and fiscal 2015. In fiscal 2016, Apple repurchased shares worth $29 billion and paid dividends amounting to $12.2 billion to its shareholders.
In fiscal 2017, Apple repurchased shares worth $33 billion and paid $12.8 billion in dividends, while in the first nine months of fiscal 2018, Apple repurchased shares worth $53.6 billion and paid $10.2 billion in dividends.
In April, there were reports that the iPhone X might not be a successful device and that this would negatively affect Apple’s revenue. Apple stock fell from $178.24 on April 17 to $162.32 on April 27. Apple was, however, unfazed by these reports and bought back shares worth $20 billion in the fiscal third quarter. CEO Tim Cook has repeatedly stated that supply chain estimates do not concern the company.
Apple has a cash balance of $71 billion, which it leverages for stock buybacks and dividend payments. Apple has a dividend yield of 1.4%, amounting to an annualized payout of $2.92 per share and a dividend payout ratio of 25%. Apple’s dividend yield has increased at a compound annual growth rate of 10.1% over the last three years.