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Apple Stock Tanks After Dividend Announcement (AAPL)

Business Insider
Monday, 19 March 2012

Apple Stock Tanks After Dividend Announcement (AAPL)Apple stock is trading at $595 in Germany following the company's announcement of a dividend and buyback program, Bloomberg says.

*UPDATE:* The stock has now re-opened in the U.S. and initially dropped to $579...

Prior to the announcement, the stock traded up as high as $608.

This is obviously not a big percentage drop....
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Source: IBTimes.com - on March 19, 2012

News video: Apple Rewards Its Investors

Apple Rewards Its Investors

Apple have announced that it will buy back $10 billion dollars worth of shares, and plans to pay an initial dividend of $2.65 a share later this year.

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