Analyst: Apple is Ready With Dividend News

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“By early last year, Apple’s cash balance had built to a point beyond what we needed to run our business and maintain flexibility to take advantage of strategic opportunities, so we announced a plan to return $45 billion to shareholders over three years,” Apple said in Thursday’s release. “Apple’s management team and Board of Directors have been in active discussions about returning additional cash to shareholders.”

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That followed the filing of a lawsuit from Greenlight Capital fund manager David Einhorn, who is strongly opposed to the company trying to put restrictions on issuing preferred stock.

Here’s how Apple (NASDAQ:AAPL) traded Monday:

Screen Shot 2013-02-11 at 9.34.15 PM

Don’t Miss: Here’s Why Apple is in Trouble Down Under.

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