Alongside disclosing its earnings for Q2 2024, Apple also announced that it is increasing the dividend it pays to shareholders by 4%, and is also buying back more stock in one program than ever before.
During its quarterly earnings report, Apple’s CFO Luca Maestri described “very high levels of customer satisfaction and loyalty,” as reasons for undertaking the company’s largest-ever stock buyback.
“Given our confidence in Apple’s future and the value we see in our stock,” he said in a statement, “our Board has authorized an additional $110 billion for share repurchases.”
