News Alert: Apple reveals plan for $98B cash hoard

Monday, March 19, 2012

   
The Washington PostMonday, March 19, 2012 8:50:01 AM
TECHNOLOGY NEWS ALERT

Apple reveals plan for $98B cash hoard


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 Sept. 30.


Read more at:
http://www.washingtonpost.com/business/apple-to-reveal-decision-on-use-of-98-billion-cash-hoard-analysts-expect-dividend/2012/03/18/gIQAOlHkLS_story.html



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