2/23, 7:48 PM (Source: TeleTrader)
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Chart for: Apple

Apple approves execs' compensation, raises dividend

Apple shareholders on Tuesday voted to approve compensation for Apple executives, including an equity package of 1 million new shares for the company's CEO Tim Cook.

The board supported Cook’s pay package in a filing, citing an 867% return to shareholders, including dividends. Cook also announced the company will raise its dividend. In the last two quarters, the dividend was $0.205.

The company said last month that its revenues for the first trimester of fiscal 2021 stood at $111.44 billion, growing 21% year-over-year to beat analysts' estimates.

Breaking the News / TF