News: Apple increases stock buyback, dividend

Alongside its quarterly earnings results, Apple today increased both its stock repurchase authorization and quarterly dividend, by a total of $55 billion from the original amount announced last year. The repurchase authorization has been increased from $60 billion to $10 billion. It’s “the largest single share repurchase authorization in history,” and is expected to be executed by the end of calendar 2015. Apple’s board approved…