UPDATE Apple Will Spend $45B With $10B Stock Repurchase And $2.65 Dividend to Use Cash for and Buyback US stocks drift higher but can't match last week Apple's stock closes above $600 first time announces dividend buyback pay start buybacks AAPL plans huge cash hoard The day became normal sets Hoard futures mixed ahead of announcement U.S. fall; plan 3 options

Apple's stock closes above $600 for first time Apple's stock closed above $600 for the first time Monday, the same day the company announced plans to reward shareholders with a dividend and a share buyback program. March Stock Mania: Apple trounces Exxon It's been quite a Monday for Apple. Not only did the tech giant announce plans to give investors a $2.65 quarterly dividend and announce plans to buy back $10 billion worth of stock, but it officially landed the top spot in CNNMoney's March Stock Mania tournament. Apple's Next Step A Stock Split? If Apple really cares about its shareholders, how about a 10-to-1 split? At its current price of $594, Apple's stock is unaffordable for many small investors. Instant View: Apple to pay dividend, buy back stock (Reuters) - Apple Inc said it plans to pay a quarterly dividend of $2.65 per share and authorized a $10 billion stock buyback program to be carried out over three years. The moves, plus money spent to settle vesting restricted stock units, will use about $45 billion of Apple's nearly $100 billion in cash and securities, the company said on Monday. Apple's shares rose 2 percent in premarket. ... Apple sets dividend, stock buyback (Reuters) - Apple Inc will start paying a regular quarterly dividend of $2.65 a share in July and buy back up to $10 billion of its stock beginning in the next fiscal year, the world's most valuable company said on Monday. Apple Sets $2.65/Shr Quarterly Div; $10B Buyback; Stock Jumps Apple this morning has finally announced plans for some of its cash. The company will pay a quarterly dividend of $2.65 a share, for a yield of 1.8%. The first dividend will be paid in the fiscal fourth quarter, which begins July 1. The company also announced a $10 billion stock repurchase plan. The buyback ... Apple will start stock buyback, pay dividend Apple took steps today to answer its $100 billion question, saying it would begin offering a dividend and buy back some of its stock beginning later this year. The Cupertino company will pay out $2.65 per share some... Apple stock finishes above $600 for first time As the company registers blockbuster sales of its latest iPad, the stock finishes the day above a historic mark. Originally posted at News - Apple Exxon trounced by Apple in March Stock Mania It's been quite a Monday for Apple. Not only did the tech giant announce plans to give investors a $2.65 quarterly dividend and announce plans to buy back $10 billion worth of stock, but it officially landed the top spot in CNNMoney's March Stock Mania tournament. Apple's Dividend: Break With Steve Jobs Apple stock will now pay a dividend of $2.65 per share, the company said. Analysts say it is the first major break the company has made from the path set by Steve Jobs, its co-founder and late CEO.
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References:
http://www.deadline.com/2012/03/apple-introduces-10b-stock-repurchase-and-2-65-a-share-dividend/
http://rss.cnn.com/~r/rss/magazines_fortune/~3/S0pnTgh0Fbc/
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