Apple Hikes Dividend More than Expected

Apple (AAPL) became the biggest dividend payer in the S&P 500 on Friday when it boosted its quarterly dividend by 11%, or $1.16 billion, to an annual rate of $12.1 billion. The quarterly payment will be 52 cents a share, up from 47 cents. The next dividend will be paid on May 14th to holders of record [...]