Apple Dividend, Share Buyback Program

The computer company announces its plans for the 98 billion cash hoard.
1:28 | 03/19/12

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Transcript for Apple Dividend, Share Buyback Program
-- the world's richest company making a highly anticipated announcement today and it has nothing to do with any product whose name starts with a lower case -- It does have everything to do however with roughly 97. Billion dollars burning holes in its collective pockets finally revealing today. How it's going to spend the cash ABC's -- -- got our team and we can maker is here with the big news how are they gonna spend. High class problem to have what -- -- -- 97 billion dollars right just glad expected the company announced they're gonna have a quarterly dividend of 265 a share. Also can't buy back about ten billion dollars worth of stocks over a three year period of time they're spending 45 billion dollars of that 97 billion dollars the big headline here is the first time that they're doing a program like this in seventeen years of some Steve Jobs is adamantly against -- -- jobs adamantly against and yet there are still many billions leftover we have heard rumors perhaps. Then spending it on let's say -- Twitter board to act. I don't need any truth I wouldn't bet on that in the past it bought smaller software companies -- a bit too big of a name for them divide integrate into their brand. But we just didn't happen Twitter eight point four billion dollar valuation apple could about eleven -- -- -- -- Also if people that wanna help -- gas problems in the country gas at seventeen that percent so far this year. They -- paid every -- about two months' worth of free gas to months' worth of free gas -- At least this week -- -- Releasing this week but nonetheless the big a big announcement this morning and of course is anticipated indeed --

This transcript has been automatically generated and may not be 100% accurate.

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