“Investors should expect a dividend increase and a bigger stock buyback when Apple reports earnings next week, Citi technology analyst Jim Suva told CNBC on Monday,” Nana Sidibe reports for CNBC.
“He projects the tech giant will raise its dividend by a minimum of 10 percent and boost the buyback from $90 billion to $120 billion,” Sidibe reports. “‘Apple is a cash flow machine,’ Suva said on ‘Squawk on the Street.’ ‘They have too much cash, that’s a good problem. They can give more back to shareholders.'”
“The launch of the Apple Watch also highlights the popularity of Apple products. Demand has highly exceeded supply, according to Suva. That has led to shipments of some watches being pushed back to June and July,” Sidibe reports. “‘If demand is out stripping supply that’s a great position to be in and that’s what they are in right now,’ he said.”
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MacDailyNews Note: Aple reports Q215 results after the bell on Monday, April 27th.