Apple Inc. Chief Executive Officer Tim Cook committed Friday to boost his company’s dividend annually.

Apple paid out $2.08 a share in dividends in the past year, a yield of 2.14 percent, among the smallest in the Dow Jones Industrial Average. Apple, the world’s most valuable company by market capitalization, has more than $200 billion in cash. Cook made his remarks at the company’s annual shareholder meeting in Cupertino, California.

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