Apple (NASDAQ:AAPL) CEO Gives Up $75 Million Dividend Voluntarily – GOOG, HPQ, EMC, S, CSCO, FB, ZNGA, VIP

Apple Inc. (NASDAQ:AAPL) announced Chief Executive Officer Tim Cook will forgo almost $75 million in dividend payments he would otherwise obtain for the 1.125 million stock awards he’s scheduled to receive over the next decade.

Apple made the declaration in a regulatory filing that also states other workers will be eligible to collect the $2.65- per-share quarterly dividend on restricted stock, the similar payment that was declared in March for shareholders of the Cupertino, California-based firm.

Its competitors include Google Inc (NASDAQ:GOOG) that slipped -1.52% to $594.50 with the total traded volume of 405,655.00 shares and Hewlett-Packard Company (NYSE:HPQ) that dropped -0.05% to $21.76 with the total traded volume of 2.20 million shares.

Other technology stocks with bullish trend include EMC Corporation (NYSE:EMC) up 1.11% to $24.50, Sprint Nextel Corporation (NYSE:S) up 1.38% to $2.27 and Cisco Systems, Inc. (NASDAQ:CSCO) up 0.37% to $16.45, whereas with bearish trend include Facebook Inc (NASDAQ:FB) down -2.51% to $32.20, Zynga Inc (NASDAQ:ZNGA) down -4.19% to $6.51 and VimpelCom Ltd (ADR) (NYSE:VIP) down -11.00% to $7.77.

Apple Inc. (NASDAQ:AAPL) stock reports on May 25, 2012 decreased 0.84% to the trading price of $560.57 at 10:07AM EDT. Its fifty two week range is $310.50-$644.00. The total market capitalization remained $524.22 billion.

The overall volume in the current trading session is 2.10 million shares. In its share capital AAPL has 935.06 million outstanding shares among them 934.45 million shares have been floated in market exchange. AAPL stock institutional ownership remained 68.78% while insider ownership included 0.03%.

AAPL is ahead its 52 week low with 82.07% and lagging behind from its 52 week high price with -12.22%. AAPL last month stock price volatility remained 2.54%. The stock price of AAPL is moving down from its 20 days moving average with -0.11% and remote negatively from 50 days moving average with -4.10%.

AAPL current year earnings per share experienced an addition with 82.63% while its current quarter performance remained 8.21%. Company’s beta coefficient included 1.25. Beta factors measures the amount of market risk associated with market trade.

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