Apple's Doing the Boring Thing With Its Cash Money

After a mysterious media alert had everyone guessing what Apple might do with its $100 billion, the company has decided to go the dividends and stock buyback route. Specifically, the company expects to initiate a quarterly dividend of $2.65 a share sometime in the fourth quarter. Since CEO Tim Cook took over, he has mentioned what the company might do with the cash, rather than let it just sit there. "We?re not going to do silly things with it," he said during the Q4 earnings call. ...

Source: http://news.yahoo.com/apples-doing-boring-thing-cash-money-130027565.html

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