As the company registers blockbuster sales of its latest iPad, the stock finishes the day above a historic mark.
For a third straight day, shares of Apple rallied toward $600--and this time they finished the day above the iconic mark for the first time in the company's history.
(Credit: CBS)
At the close of trading on Monday, shares of Apple stood at $601.10, up 2.65 percent in the aftermath of the company's surprise announcement earlier in the day that it would use some of its $100 billion in cash to pay out a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1.
Last week Apple shares hit $600 for the first time before retreating. Just to put this meteoric stock climb in perspective, this historic move in Apple's share price comes one month after the stock hit $500. Shares were at $403 the day before Christmas.
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