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Title: Apple's Stock Continues Surge With New Record High Post by: HCK on August 17, 2012, 03:00:29 pm Apple's Stock Continues Surge With New Record High
After setting a record high close yesterday, Apple's stock today has extended its strong run that has been in place since last month's disappointing earnings numbers, pushing through to set a new all-time intraday high. The stock hit a new high of $644.13 per share just minutes ago, besting the previous all-time high of $644.00 set on April 10. The move has also pushed Apple's market capitalization above $600 billion for the first time since April 10, also marking a 23% increase in stock price since the bottom of this dip came at $522.18 during trading on May 18. Apple's new all-time high comes a day after the company issued its first quarterly stock dividend since 1995, giving shareholders $2.65 per share as one piece of the company's strategy for handling its massive stockpile of cash. Investors had been calling for a dividend for quite some time as Apple's cash hoard approached and then exceeded $100 billion, with the company relenting in a March announcement in which the company outlined its belief that it will have enough cash on hand to meet its needs for the foreseeable future. The company also instituted a $10 billion stock buyback program intended to offset dilution coming from stock grants and employee stock purchases. Recent Mac and iOS Blog Stories • Instagram Makes a Big Push Into Location With Version 3.0 • iTunes Store Glitch Limits 'Podcast' Search Results to Apple's Own App • Apple Releases OS X Lion 10.7.5 Build 11G36 to Developers • 'Dark Sky' Weather App Adds Push Notifications of Imminent Rain • New SimCity Coming to Mac in February 2013 http://www.macrumors.com/2012/08/17/apples-stock-continues-surge-with-new-record-high/ |