Looks like Apple finally has a solution for the pile of cash they have amassed. According to SFGate, shareholders should expect a dividend of $2.65 and a significant buyback of stock that would return another 10 billion or so on a quarterly basis. Apple’s decision will be completed over the next three years. In the wake of the new iPad 3 selling out almost immediately, the tech giant knows that they need to start moving all this cash off their balance sheets. Especially considering how it seems the massive company has been sucking some of the life out of the S&P…
Apple to Pay Dividend, Buy Back Stock to Return Some of Cash.