“Apple Inc. (AAPL) is poised to boost its dividend by more than half, according to analysts surveyed by Bloomberg, providing investors hit by a share slump with one of the highest yields in the U.S. technology industry,” Karl Baker and Adam Satariano report for Bloomberg News.
“Apple will probably lift its quarterly dividend 56 percent to $4.14 a share, for an annual payout of $15.7 billion, according to the average estimate from six analysts,” Baker and Satariano report. “The resulting yield of 3.7 percent would be higher than 86 percent of the companies in the Standard & Poor’s 500 Index paying dividends. Apple could fund a payout with existing cash flow without using profit from overseas, which can be subject to extra taxes, said Gene Munster, an analyst at Piper Jaffray Cos.”
“Many companies announce dividend changes once a year, fueling speculation about Cook’s plans as Apple approaches the anniversary of last year’s announcement, which came on March 19,” Baker and Satariano report. “Dividend predictions from analysts surveyed by Bloomberg range from $3.31 to $5.30 a share.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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