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Apple has announced that its Board of Directors has authorized a significant increase to the company’s program to return capital to shareholders. The company expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015.
This represents a $55 billion increase to the program announced last year and translates to an average rate of US$30 billion per year from the time of the first dividend payment in August 2012 through December 2015.
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