Apple expands share buyback by $32b, authorises stock split

Updated April 24 2014 - 3:18pm, first published 10:32am

Apple Inc has approved another $US30 billion ($32 billion) in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.The company also approved a roughly 8 per cent increase in its quarterly dividend to $US3.29 per share.