Posted: Thursday, April 24, 2014 10:55 AM ET
By: Bobby Raines
Apple's latest quarterly report was released Wednesday evening, and the company beat estimates for revenue and earnings per share, but the big news is about Apple the stock, not Apple the company that used to create innovative products.
Apple is splitting its stock 7-for-1 in order to lower the share price, while also raising its dividend and adding another $30 billion to its share-repurchase program. A company with as much cash on hand as Apple can surely raise its dividend and repurchase some shares without creating any problems. I tend... Read More