S&P 500 Buoyed by Dividend Announcement (AAPL, UPS)

Major indices were up today, and the S&P 500 was within 10 percent of reaching its all-time high of 1,565.15, set in 2007 before the financial crash. This was prompted in part by Apple (AAPL)'s announcement that they would be using part of their $100 billion in cash to begin issuing dividends, as well as initiating the buyback of $10 billion in shares over a three year period. Meanwhile, United Parcel Service (UPS) will be acquiring TNT Express, the second largest package delivery company in Europe, for a cool $6.77 billion.

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Published on Mar 19, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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