[iKoolAid] Apple announces dividend + stock buyback program

[Thud]

Apple announced what it's going to do with the Mount Everest sized pile of cash it's sitting on.



Apple Announces Plans to Initiate Dividend and Share Repurchase Program | Business Wire (http://www.businesswire.com/news/home/20120319005806/en/Apple-Announces-Plans-Initiate-Dividend-Share-Repurchase)

[Thud]

Good move, IMHO.

Something Jobs would have never considered. But when he took over the company they had less than 90 days of operating cash-- he kept the same frugal mindset even though they now have nearly a decade of operating cash.

[R.Zaragoza]

:hurray: :dance:

[DJ_Critterus]

For those of us who don't know shit about stocks, what does this mean?

[Stangkiller]

For those of us who don't know shit about stocks, what does this mean?

It means apple can't think of better investments for their cash, so they're giving it back to the stock holders.