Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash balance.
Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash.
Analysts expect Apple to institute a dividend. It can easily afford one, since it had $97.6 billion in cash and securities at the end of last year,” Peter Svensson reports for The Associated Press. “That would be enough for a $100 one-time dividend for every shareholder, but analysts expect the company to institute a modest recurring dividend.”
Svensson reports, “Apple CEO Tim Cook and Chief Financial Officer Peter Oppenheimer will discuss the decision on a conference call at 9 a.m. Eastern time Monday morning, the company said late Sunday.”
Read more in the full article here.
MacDailyNews Note: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv/call31912 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone, iPad, iPod touch or any Mac or PC running QuickTime 6 or later.
MacDailyNews will provide live notes from the conference call beginning at 6am PDT / 9am EDT on Mondya, March 19th.