Apple announced this morning that it plans to initiate a dividend and share repurchase program later this year. According to the announcement, the company plans to offer a quarterly dividend of $2.65 per share sometime in the fourth fiscal quarter of 2012, which begins on July 1. In addition, Apple’s Board of Directors has authorized a $10 billion share repurchase program to begin during its fiscal 2013, which begins on September 30, 2012. The…
