Apple To Launch Largest Stock Repurchasing Plan In History

[wraggster]

In conjunction with its earnings report for the second quarter of 2013, Apple issued a press release announcing some major plans for its ever growing stockpile of cash. It is increasing its quarterly dividend payout to investors by 15%. What's more, the company will spend $60 billion in stock repurchases (http://www.tuaw.com/2013/04/23/apple-increases-dividend-by-15-poised-to-embark-on-largest-sto/), making it in Apple's words, 'the largest single share repurchase authorization in history (http://www.apple.com/pr/library/2013/04/23Apple-More-than-Doubles-Capital-Return-Program.html).'

http://apple.slashdot.org/story/13/04/23/2215216/apple-to-launch-largest-stock-repurchasing-plan-in-history