“If the company distributes 50% to 100% of that cash to shareholders, that works out (at a $500 share price) to a 1.9% to 3.8% dividend,” P.E.D. reports. “Given the new products (iPad, iPhone, etc.) coming online, Huberty believes the prospect of a dividend could drive Apple’s share price past her current target of $515 to her ‘bull case’ of $600 per share.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]