Apple raises dividend, plans USD 100 bln share buyback after solid Q1 results

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(Telecompaper) Apple announced a 16 percent increase in its dividend and plans to spend another USD 100 billion buying back shares, after reporting results for the March quarter in line with expectations. The company’s revenues for its fiscal second quarter rose 16 percent year-on-year to USD 61.14 billion, and earnings were up 30 percent to USD 2.73 per share.
Source: Industry News (syndicated from Telecompaper.com)

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