Apple Just Announced the Biggest US Buyback

Apple Inc. Announces Massive $90 Billion Buyback and Dividend Increase

Shares Soar on News of Stock Repurchase Program and Shareholder Returns

In a move fitting for one of the largest companies in the world, Apple Inc. just announced a massive $90 billion stock buyback program and a 4% increase in its quarterly cash dividend. The announcements sent Apple stock soaring in after-hours trading.

The stock buyback program, which will begin immediately, is the largest ever announced by a US company. It is designed to reduce the number of shares outstanding, thereby increasing the value of each remaining share. The dividend increase, from $0.23 per share to $0.25 per share, is the company's first since 2018.

The announcements are a clear sign of Apple's confidence in its future prospects. The company is sitting on a mountain of cash, and it is using some of that money to return value to shareholders. Apple's stock has been on a tear in recent months, and the buyback and dividend increase are likely to further boost its performance.

The buyback program is also a sign of Apple's commitment to reducing its tax liability. By repurchasing its own shares, Apple will reduce the number of shares that are subject to taxation. This will save the company billions of dollars in taxes over time.

Apple's announcements are a major win for shareholders. The buyback and dividend increase will return billions of dollars to investors, and the stock's value is likely to rise even further in the coming months.

Stay tuned for more news on this story as it develops.