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Monday, 19 March 2012

Apple Cash Announcement

Monday, March 19, 2012
Apple is sitting on a pile of cash worth close to $100 billion and plans to get rid of half of it, the company announced Monday morning.

Apple will begin paying out a quarterly dividend worth $2.65 per share and plans to buy back $10 billion in shares of stock. The payout will begin sometime after July 2012.
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