TIM COOK

Apple (Nasdaq: AAPL) closed above $600 a share for the first time after announcing a $10 billion share buyback with plans for a $2.65 share dividend later this year.

Apple (AAPL) shares soared on Monday, breaching the 600 mark a few times before finally settling on 601, after the Cupertino, Calif.-based tech company decided to share some of its $100 billion in cash with its investors. Apple announced it would reward shareholders by launching a quarterly dividend and a stock buyback program that will pay out about $45 billion over three years, set to go into effect later this year.

Apple (AAPL) is feeling generous. After a record-breaking quarter announced in January and a record-breaking launch weekend for the new iPad, Tim Cook decided to share some of Apple's $100 billion in cash on Monday to fulfill a deep-seated desire of investors, announcing a quarterly dividend and a three-year shares buyback program to go in effect later this year.

When the late Steve Jobs had a will, he often got his way. That's why Apple hasn't paid a dividend since 2005.

On Friday, March 16, UBS analyst Maynard Um issued two research notes on Apple Inc. In the first note, the analyst raised Apple’s price target from US$550 to $675, expecting the launch of a new iPhone later this year to be the biggest launch in Apple’s history. In the second note, Um deemed the launch of the new iPad a success.

Apple CEO Tim Cook has acknowledged that the company has too much cash lying around - nearly $100 billion just sitting in the bank. The CEO admitted so much cash is unnecessary, and should be spent on advancing the company.

Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

Apple Inc will start paying a regular quarterly dividend of $2.65 a share in July and buy back up to $10 billion of its stock beginning in the next fiscal year, the world's most valuable company said on Monday.

Apple Inc said it plans to pay a quarterly dividend of $2.65 per share and authorized a $10 billion stock buyback program to be carried out over three years.

As the world's largest company with a market cap of more than half a billion dollars, Apple Inc. [AAPL] is sitting on a large pile of cash upwards of $100 billion and decided Monday to institute a $2.65 a share quarterly dividend and buy back $10 billion in stock, the tech behemoth announced today.

CEO Tim Cook decided on a new course for the Cupertino, Calif., company regarding shareholders. We have plenty of cash to run our business, he said.

Apple Inc, the world's most valuable company, said Monday it will initiate a regular quarterly dividend of $2.65 a share in July and will buy back up to $10 billion of its stock starting in fiscal 2013.

Apple announced it will repurchase as many as $10 billion worth of shares now. Later this year, it plans to pay an initial dividend of $2.65 a share.

Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995.

Apple, whose stock is currently trading at $585, has announced that it will be holding a conference call on Monday morning to discuss the company's plans for its approximately $100 billion in cash reserves.

With Apple issuing a statement that it will make an announcement Monday regarding the discussions about its cash balance, there is high expectation that this time it will pay a dividend.

Apple Inc. -- the world's most valuable publicly traded company by its market capitalization of $545.97 billion -- will conduct a conference call to announce the outcome of discussions concerning its cash balance on Monday at 9 a.m. EDT, which is before the U.S. equity-market open.

Apple Inc. said it would host a conference call on Monday morning to discuss the outcome of discussions about its cash balance as investors clamor for a return from its massive holdings.

Apple Inc said it would host a conference call on Monday morning to discuss the outcome of discussions about its cash balance as investors clamor for a return from its massive holdings.

Apple co-founder Steve Wozniak doesn't have to be like the rest of us to get his new iPad, but he wants to be one of the real people.

The newest gadget hits stores on Friday.