Foxy Kangana Ranaut at an event!
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Showing posts with label start. Show all posts
Showing posts with label start. Show all posts
Wednesday, March 21, 2012
Monday, March 19, 2012
Apple to pay dividend, start stock buybacks
Apple is finally putting its cash hoard to work, introducing a quarterly dividend of $2.65 per share and starting a $10 billion share buyback program.
Apple says the dividend will start in its fiscal fourth quarter, which begins July 1. The buybacks will begin in its next fiscal year, which starts September 30.
Apple is sitting on $97.6 billion in cash and securities. For years, it has resisted calls to reward shareholders with some of that money. Since the death of CEO Steve Jobs, management has signaled that it's been considering options for the money.
The expectation of a dividend has already helped send the stock up 37 per cent since Apple's latest earnings report. In pre-market trading, the shares touched a record level of $600.23, up 2.5 per cent from Friday's close.
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