Apple announces 7:1 split, ups dividend and buyback plan

|About: Apple Inc. (AAPL)|By:, SA News Editor

Along with its FQ2 results, Apple (AAPL) has announced a 7:1 stock split. Split-adjusted trading will start on June 9.

The company's buyback authorization has been raised by $30B to $90B, and its quarterly dividend hiked by 8% to $3.29 (2.5% yield).

Shares remain halted. They'll resume trading at 4:45PM ET.