Apple CEO Tim Cook Commits to Annual Dividend Increasesby
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.