Apple plans to increase dividend, approves stock payout to CEO – CNBC

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The company’s shareholders also approved compensation for Apple executives, including an equity package announced in September for Cook, the report said. (https://cnb.cx/2ZIjRcj)

Cook was granted 333,987 restricted stock units, his first major stock package since 2011. It grants him stock units with a possibility to earn as many as 667,974 more if he hits performance targets. (https://reut.rs/3spbsGT)

Apple, the biggest U.S. listed public company by market capitalization with a value of $2.1 trillion, has thrived during the pandemic even though it had to temporarily shut several stores.

The company’s board had declared a cash dividend of $0.205 per share of the company’s common stock in the holiday quarter.