Execs: At $2.65 Per Share, Apple To Become One Of Largest Dividend Payers In The U.S.

Last night, the news broke that Apple would be holding an "impromptu" conference call to talk about just what it plans to do with that nearly $100 billion in cash reserves it has in Scrooge McDuck's Money Bin. Of course, Slate told us that Apple's decision would be "a really big deal." And, albeit without pyrotechnics, it was a big deal. For existing and new shareholders alike. The conference call this morning was designed to discuss Apple's decision, which it had announced via sneaky press release earlier in the morning, revealing that it will be initiating a quarterly dividend of $2.65 per share, along with a $10 billion share repurchase program commencing in September 2012. At $2.5 billion per quarter and $10 billion over the year, Apple will become one of the largest dividend payers of all companies, according to Cook and CFO Peter Oppenheimer.

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