Apple, amassing over $100 billion in cast, pays dividend and buys back some of its own shares from investors
Apple, Inc. yesterday decided to pay a dividend, using about $45 billion of its tremendous near-$100 billion cash reserve, as well as set out to buy back some of its own shares from the investing public. This comes after much speculation as to what the company would choose to do with its huge sum of cash, and also provided Timothy Cook, successor to Steve Jobs, his first opportunity to part with the late founder’s management style and act in ways that are more in line with other established public firms. Read more, and watch a video from ABC News here: http://abcnews.go.com/Technology/aapl-apple-stock-dividend-stunning-break-steve-jobs/story?id=15954293#.T2juko4hrx4