“Wednesday’s move by Costco to distribute a special dividend ahead of tax hikes next year has renewed buzz that Apple may follow suit,” Tom Bemis blogs for marketWatch,
“With the fiscal cliff looming, companies sitting on big cash piles are facing the prospects of investor unrest if they fail to act before increased dividend taxes kick in next year,” Bemis writes. “And Apple’s sitting on the biggest pile of cash of anyone, around $120 billion, as Insider Monkey notes.”
Read more in the full article here.