NEW YORK (CNNMoney) — Apple on Monday announced plans for much of the $97.6 billion in cash it has accumulated from massive iPod, iPhone, iPad and Macintosh sales.
The company said it would begin giving shareholders a quarterly dividend of $2.65 per share sometime its fiscal fourth quarter, which begins in July. Apple last offered a dividend in 1995.
Apple (AAPL, Fortune 500) will also buy back $10 billion of its own shares over three years, beginning in October.
