“Apple CEO Tim Cook is leaving shareholders in suspense about whether the iPhone maker will use its windfall from a tax cut on overseas profits for a big boost to its quarterly dividend,” The Associated Press reports.
Responding to a shareholder’s question about a dividend increase, “Cook said Apple’s board intends to raise the dividend in April, but he didn’t provid[e] specifics,” AP reports.
“Investors have been anticipating a substantial dividend increase since Apple announced plans to take advantage of a temporary tax break championed by the President Donald Trump to bring an estimated $245 billion in overseas cash back to the U.S.,” AP reports.
Read more in the full article here.
MacDailyNews Take: As we expected.
Analyst: Apple’s repatriated cash ‘front and center’ tomorrow – February 12, 2018