How to buy Apple stock in 2018
Apple announced a $12 billion stock dividend on Friday, a major milestone for the tech giant.
The announcement comes amid an increasingly volatile market for Apple shares, which have risen nearly 30% over the past year.
Apple said the dividend will pay out to shareholders at a total value of $10.7 billion.
Apple CEO Tim Cook announced the dividend on Thursday, saying it’s the largest in the company’s history.
Apple CEO Tim Applewhite and co-founder Steve Wozniak, shown at the Apple Store in San Francisco in 2015, will receive $1.25 billion in cash and stock for their contributions to Apple in 2018, Apple said.