Apr. 24 - Apple's new $11.5 billion dividend pledge amounts to the sale of roughly 19 million iPhones. Conway G. Gittens reports.
The Daily Digit is $11.5 billion. That's how much Apple is giving back to shareholders in dividend over 12 months. Basically, it comes down to $12.20 per share. And we have three things to say about it: The $11.5 billion payout makes Apple the highest dividend-paying company in history, according to S&P Dow Jones Indices. And exceeds the market value of 200 other corporations in the S&P 500. It would take a sale of almost 19 million iPhones at the fiscal second-quarter average selling price of $613 to pay the bill. To put that in perspective -last quarter Apple sold more than 37 million iPhones. The give back is part of Apple's bigger plan to share some of its $145 billion cash pile. The plan is to return $100 billion to shareholders in buybacks and dividends by 2015.