NEW YORK --
announced plans Tuesday for a 15% dividend hike.
The software giant said its board approved a quarterly dividend of 23 cents a share, up from its current payout of 20 cents. The new dividend implies a forward annual yield of 2.95% based on the stock's closing price of $31.17 on Tuesday.
said David Viniar plans to retire as chief financial officer in January 2013.
Viniar, who will join Goldman's board, is to be succeeded by Harvey Schwartz, the current co-head of the company's security division.
Viniar has spent more than three decades at the investment bank.
shares crested above $700 in regular-session trading for the first time on Tuesday, following through on the strength seen in Monday's after-hours action.
Shares of the iPod and iPad maker finished at $701.91, up 0.3%.
, the maker of Cheerios, is expected by analysts to report fiscal first-quarter earnings of 62 cents a share on revenue of $4.08 billion.
Bed, Bath & Beyond
is expected Wednesday to report its fiscal second-quarter results after the closing bell and analysts expect a profit of $1.02 a share in the August-ended period on revenue of $2.54 billion.
Other companies reporting their results Wednesday include
is nearing an agreement to buy home security provider
, according to three people familiar with the matter,
The deal is expected to value Vivint at as much as $2 billion, according to
-- Written by Joseph Woelfel
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