Apple might not be a growth stock like Amazon or other tech giants, but investors can appreciate that the company tries hard to raise its stock price through stock buybacks.
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One chart shows the huge amount of money Apple is spending to buy its own stock (AAPL)
$30 billion per year.
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A chart from RBC analyst Amit Daryanani sent out to clients on Friday underlines just how much money Apple is spending on its capital allocation program — about $6 billion per quarter over the past three years — powered by its $246 billion in cash on hand:
Apple also has a big dividend program. On average, it's spending $2.9 billion per quarter to pay out dividends since 2012. Here's the chart:
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