Apple will return $200 billion to shareholders
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REUTERS/Denis Balibouse
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Along with its earnings announcement, the company said that it will increase its capital return program by 50% to $200 billion through March 2017.
The company raised its dividend to $0.52 per share from $0.47 and increased its buyback authorization to $140 billion from $90 billion.
In a statement, Apple CEO Tim Cook said that "most of our program will focus on buying back shares."
The company said it plans to tap debt markets to fund this program.
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The iPhone maker reported earnings and revenue that topped expectations, and in after hours trade on Monday, shares of the company were up about 2%.
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