Apple to Cisco Lead Record Dividends as Google Holds Out
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Technology companies are paying out dividends at the fastest pace in more than a decade, boosting cash returns to appease investors dismayed by slowing growth.
Led by Apple Inc. and Cisco Systems Inc., technology companies in the Standard & Poor’s 500 Index distributed $10.8 billion in dividends in the most recent quarter, up from $5.1 billion in the same period in 2010. They paid a record $11.9 billion in dividends in the previous quarter, according to data compiled by Bloomberg.