Responding to a shareholder’s question about a dividend increase, “Cook said Apple’s board intends to raise the dividend in April, but he didn’t provid[e] specifics,” AP reports.
“Investors have been anticipating a substantial dividend increase since Apple announced plans to take advantage of a temporary tax break championed by the President Donald Trump to bring an estimated $245 billion in overseas cash back to the U.S.,” AP reports.
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MacDailyNews Take: As we expected.
Analyst: Apple’s repatriated cash ‘front and center’ tomorrow – February 12, 2018