When Apple pays its dividend to shareholders between July and September 2012 it will be one of the biggest dividend payouts ever.
The dividend program, which will begin in the fourth quarter of Apple’s 2012 fiscal year, will see payments of $2.65 per share to shareholders. Apple’s fourth quarter finishes at the end of September.
This payout represents $9.9 billion in annual dividend payments to shareholders and a 1.8% yield, according to Forbes.
Forbes has a slideshow showing America’s Biggest Dividend Payers and how much of a dividend they paid in 2011 as a comparison to Apple’s projected sum.
- AT&T paid a $10.2 billion dividend
- Exxon Mobil paid $8.7 billion dividend
- General Electric paid $6.8 billion dividend
- Johnson & Johnson paid $6.2 billion dividend
- Chevron paid $6.1 billion dividend
Pfizer, Microsoft, Proctor & Gamble, Verizion and Walmart also feature in Forbes slideshow.
In addition to its dividend payout, Apple will begin repurchasing shares ultimately worth $10 billion, beginning in its 2013 fiscal year, which starts September 30. Apple expects the process to take around three years, and says that the intention behind the program is “neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.”