Company history · Apple

Apple’s splits, buybacks and dividends

Two stock splits, a dividend that began in 2012 and a buyback every year since 2013, year by year from Apple’s 10-K filings.

Fiscal 2012 to fiscal 2026 · Page built Nov 11, 2026

How the dividend started

The fiscal 2012 10-K records the first dividend: On July 24, 2012, the Board of Directors declared a dividend of $2.65 per share. The same filing notes: There were no dividends declared or paid during the first three quarters of 2012. That $2.65 is $0.095 a share on today’s basis.

The most recent 10-K, for fiscal 2026, says: In April 2026, the Company announced a new share repurchase program of up to $100 billion and raised its quarterly dividend from $0.26 to $0.27 per share beginning in May 2026. and As of September 26, 2026, remaining availability under the May 2025 program was $14.0 billion. (10-K for fiscal 2026).

Stock splits

In Apple’s words, from the fiscal 2014 10-K: On June 6, 2014, the Company effected a seven-for-one stock split to shareholders of record as of June 2, 2014. And from fiscal 2020: On August 28, 2020, the Company effected a four-for-one stock split to shareholders of record as of August 24, 2020.

Together the two splits turned each share held before June 2014 into 28 shares. A split doesn’t change what the company is worth or what a holder owns; it changes how many pieces that ownership is cut into. It does change every per-share number, which is why the tables below show figures both as each 10-K reported them and on today’s share basis (our arithmetic: earlier figures divided by 28 or by 4).

Buybacks, dividends and the share count

Buybacks are “repurchases of common stock” and dividends are “payments for dividends and dividend equivalents” in the financing section of each year’s cash flow statement. Apple’s fiscal year ends in late September. Shares outstanding is the count on the cover of that year’s 10-K, as of the date shown, before any later split.

Dividend per share

Fiscal 2012 includes one quarterly dividend, and fiscal 2013 is the first full year, so changes start with fiscal 2015 compared with fiscal 2014. The fiscal 2014 figure was already restated for the 2014 split in that year’s 10-K, and the fiscal 2020 figure for the 2020 split.

Reading these numbers

• Buybacks reduce the share count, but stock awards to employees add shares back, so the count falls by less than the shares bought.
• The cash flow line counts payments made in the year. A 10-K’s text about repurchases can give a slightly different amount, because a trade and its payment can fall on either side of the year end.
• This page starts with fiscal 2012, the year the dividend began, and doesn’t cover earlier years.

Apple company file · Stock buyback · Stock split · Share buybacks explained