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Barchart
Barchart
Anushka Dutta

A $100 Billion Reason to Buy Apple Stock Here

Apple John Ternus Tim Cook Wedbush

After a blockbuster quarterly earnings, Apple (AAPL) has declared a massive $100 billion additional share buyback program. This indicates the tech giant's financial stability, as it stands at an important juncture of accelerating its artificial intelligence (AI) operations and is set to undergo a massive leadership change. The company also increased its dividend by 4% to $0.27 per share (translating to an annual dividend rate of $1.08 that yields 0.38% on current prices), payable to shareholders on May 14. Therefore, Apple’s stock might be the one to watch out for now.

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