Apple Approves 7-for-1 Stock Split and Plug Power Announces Secondary Offering

Apple Inc. (NASDAQ: AAPL) has announced its first stock split in more than nine years. The company has authorized a 7-for-1 stock split in an effort to be more appealing to investors. The split is scheduled for early June. The company also announced that it would be buying back an additional $30 billion of its stock and has raised its quarterly dividend by 8 percent to $3.29 per share. Apple's recent earnings rose 7 percent to $10.2 billion, or $11.62 per share. Revenue climbed by 5 percent to $45.6 billion. Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market