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New Apple Dividend Will Help Push Shares Higher (Nasdaq: AAPL)
Posted on March 19, 2012 at 16:47 PM EDT
A new Apple Inc. (Nasdaq: AAPL ) dividend will make the stock even more attractive while expanding the pool of potential investors. Apple announced Monday that starting in September, it will pay a $2.65 quarterly dividend. Apple also announced a $10 billion stock buyback program to be conducted over three years, beginning in September. The stock buyback was a bigger surprise to analysts. While too small to move the stock significantly, Apple CEO Tim Cook said the intent is to avoid earnings-per-share dilution from future shares issued to reward employees. The Cupertino, CA company's enormous pile of cash and investments - over $97 billion as of the end of 2011 - had led to increasingly strident calls for an Apple dividend in recent years. Yet despite today's investor-friendly moves, some think Apple could have done more. To continue reading, please click here...
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