Apple's Cumulative Share Buybacks Reach $851 Billion

Corporate Action
โดย The Motley Fool·Read original
Summary · why it matters

Apple has repurchased $851 billion worth of its own shares since launching its capital returns program in 2012, a sum that exceeds the market capitalizations of all but 18 publicly traded companies. On April 30, the company added $100 billion in buyback capacity to the $64 billion remaining from its prior authorization, putting it on track to soon surpass $1 trillion in cumulative repurchases. The buybacks have helped shrink the diluted share count by about 33% over the past decade, contributing to a 15.5% compound annual growth rate in diluted earnings per share. Apple's stock price has surged 1,140% in the last 10 years, partly reflecting the impact of its capital allocation strategy.

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Apple Inc.
AAPL
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Apple announced a $100 billion increase in its buyback authorization, continuing its massive capital return program.