“It’s been almost a year since Apple announced its quarterly dividend and stock buyback plan, and with the company’s annual shareholder meeting just concluded, one analyst believes Apple may soon reveal more uses for its $137 billion in cash,” Neil Hughes reports for AppleInsider.
“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.
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