Apple late yesterday evening announced a 9 a.m. conference call to discuss what it plans to do with its massive cash balance. However, it seems the company just couldn't wait to reveal its plans, as a press release was published this morning detailing the company's intent to launch and dividends and share repurchasing program this summer. Apple said that it will initiate a quarterly dividend of $2.65 per share in Q4 FY2012, which begins on July 1, 2012. When FY 2013 begins in September, Apple will begin a $10 billion repurchasing program that is to be executed over three years.
2DayBlog.com, Apple announces plan for what it will do with the $100 billion in their bank
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