“It was March 19 of last year that Apple announced it would spend $45 billion over three years on a quarterly dividend and share repurchase program,” Hughes reports. “On Monday, just over a week before that anniversary, analyst Brian White with Topeka Capital Markets said he thinks Apple is in a good position to announce its next move.”
Hughes reports, “While Apple held $137.1 billion in net cash at the end of the December quarter, White projects that money will grow to $241 billion by the end of Apple’s fiscal year 2015… White believes Apple could increase its cash dividend from its current amount of $2.65 per share to between $3.75 and $5.00 per share on a quarterly basis, representing an annual yield of 3.5 percent to 4.6 percent. Apple could also increase its stock repurchase program to as much as $100 billion as part of a 5-year initiative, the analyst believes.”
Read more in the full article here.
Gamco’s Ward says Apple is a great buying opportunity right now (with video) – March 11, 2013