Dec 09, 2016 - 05:15 PM UTC — AAPL: 113.95 (+1.83, +1.63%) | NASDAQ: 5444.50 (+27.14, +0.5%)
“Barclays Ben Reitzes today reiterates an Overweight rating on Apple (AAPL) shares, and a $530 price target, while writing that ‘pressure from shareholders and a significant amount of excess cash on the balance sheet is making Apple consider a much more significant shareholder return strategy,'” Tiernan Ray reports for Barron’s.
“Apple should consider issuing $50 billion in bonds, he writes,” Ray reports. “Apple’s first dividend announcement came a year ago this month… At $10.60 per share annually, that dividend offers a roughly 2.5% yield. Apple should lever up to boost its dividend to 3.5%, or more than $14.75 per share annually.”
Read more in the full article here.