Apple May Boost Dividend by 56% According to Analysts. Fed Agrees To Continue
NEW YORK, March 19, 2013
NEW YORK, March 19, 2013 /PRNewswire/ --
According to analysts who were surveyed by Bloomberg, Apple Inc. could be
boosting its dividend by more than half. An average estimate from six analysts
is that Apple will most likely lift its quarterly dividend to $4.14 a share.
The Dividend predictions from the analysts surveyed range from $3.31 to $5.30
a share. At $4.14 a share, it would be an annual payout of $15.7 billion.
Shares of Apple closed up 2.72% on Monday, at $455.72.
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Incyte Corporation (Nasdaq: INCY) - Shares of INCY sank as low as $21.61 on
Monday. The stock closed down 4.23%, making it one of the biggest decliners on
the Nasdaq composite yesterday. This was the biggest intra-day drop that
Incyte Corporation has seen in almost eight months. The drop came after a
patient on the Company's drug Jakafi (used for bone marrow disease) developed
a viral infection. Trading volume yesterday was significantly higher than
average at 8,912,920 shares traded.
J. C. Penney Company, Inc. (NYSE: JCP) - JCP was one of the most active stocks
on the NYSE yesterday. Trading volume on Monday soared to more than twice than
the stock's average. The Company closed at $16.44 with gains of 6.20%. In
intra-trading, J. C. Penney hit as high as $17.17. This is the most the stock
has risen in almost a month. The big move came after an analyst at ISI Group
said the retailer could turn its top 300 stores into a real estate investment
trust-like entity. A REIT could be valued at about $40 a share, with the
remaining J.C. Penney business worth about $6 a share, said Omar Saad, an
analyst at ISI Group.
BlackBerry (Nasdaq: BBRY) - BlackBerry CEO Thorsten Heins called Apple's
underlying operating system outdated in an interview with an Australian
newspaper on Monday. In an interview with the Australian Financial Review,
Heins highlights the "fantastic job" Apple did in designing the iPhone and
other products, but is quoted as saying, "The user interface on the iPhone,
with all due respect for what this invention was all about is now five years
old." BlackBerry shares were little changed on Monday, closing in the green up
a modest 0.20%, at $15.02.
Glu Mobile, Inc. (Nasdaq: GLUU) - One of the biggest advancers on the Nasdaq
yesterday was Glu Mobile. The stock closed up 7.53% at $3.5915. The move came
after Northland Capital Markets analyst Darren Aftahi raised his rating on the
mobile-gaming company from "market perform" to "outperform". Aftahi said that
based on the games Glu Mobile has released this quarter, the company "has
substantially improved its hit rate for new new games," and there is evidence
Glu Mobile is seeing better-than-expected sales from games for smartphones.
Aftahi also raised his price target on Glu Mobile's shares to $4.50. Volume
traded on Monday was about ten times higher than usual.
Ambow Education Holding Ltd. (NYSE: AMBO) - AMBO shares saw a steep drop on
Monday, falling as low as $1.19 in intra-day trading. The Company announced
that its Board of Directors received on March15, 2013 a non-binding "going
private" proposal at $1.46 in cash for each ADS and $0.73 in cash for each
Class A and Class B ordinary share. The stock closed down 16.13% at $1.30. The
Company provides educational and career enhancement services in the People's
Republic of China.
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