Mar 19, 2012

News Alert: Apple to Use Cash for Stock Dividend and Buyback

Breaking News Alert
The New York Times
Monday, March 19, 2012 -- 8:50 AM EDT
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Apple to Use Cash for Stock Dividend and Buyback

Apple announced Monday that it would pay a stock dividend of $2.65 a share in the fourth quarter and its board authorized a $10 billion share buyback, two moves that will use up some of its cash hoard of nearly $100 billion to reward investors.

Read More:
http://www.nytimes.com/2012/03/20/technology/apple-to-use-cash-for-stock-dividend-and-buyback.html?emc=na

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