In case you missed it, Apple (NASDAQ:AAPL) boosted its share repurchase program by a whopping $50 billion. This means Apple could reduce shares outstanding by 15% by the time the program ends in 2015. What would this do to Apple's dividend yield? In the following video, Fool contributor Daniel Sparks says that investors who buy shares today could be rewarded with a nice 4.9% dividend yield at cost basis by the end of fiscal 2015.

Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.