From Sfgate.com: Great Jobs' ghost! Apple shares climbed the most in two months after Sanford C.
Bernstein & Co. said the company is considering a stock split, which could
prompt it to be added to the Dow Jones industrial average. Apple, the world's largest company by market
value, rose 2.6 percent Tuesday to close at $610.76 per share. Shares of the
Cupertino company were up 47 percent this year through Monday.
The company's decision in March to pay its first dividend in
17 years makes it more likely the stock could be added to the Dow index after a
split, Toni Sacconaghi, an analyst at Bernstein who rates the shares
outperform, said in a report. "We see the timing as ripe," Sacconaghi
said. "Apple's initiation of a dividend brings the company in line with
all other Dow components. We note that Apple is currently the only company
above $215 billion in market cap that pays a dividend and is not included in
the Dow..."
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