Apple has announced a dividend for shareholders of $2.65 per share and a $10bn share buy-back plan as it looks to spend some of the whopping $100bn cash pile it has accumulated on the back of mammoth iPad and iPhone sales.
The firm said the $10bn share repurchase programme, to begin later this year, would help it neutralise, "the impact of dilution from future employee equity grants and employee stock purchase programmes".
The firm said the combination of the dividend and the buy-back would cost if some $45bn over the next three years.
Apple's chief executive, Tim Cook, said this was easily affordable for the company as he touted its huge cash reserves.
"We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure," he said.
"You'll see more of all of these in the future. Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business."
The plans come on the back of some of Apple's most successful quarters, with its iPad and iPhone products helping generated revenues of $46bn, leading to $13bn profits, while it recently announced it had bought Australian start-up Chomp for $50m.
The firm also recently unveiled its new iPad device to huge anticipation from eager fans, with those in London queing for several days to get the new device.
V3 has also produced an in-depth review of the new iPad, awarding it a coveted five-stars.
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