Written by
(AP) — 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.
A stockholder attending Apple’s annual meeting Tuesday asked if Apple might double its quarterly dividend from the current 63 cents per share.
After joking that his seat suddenly felt hot as he rose from a chair, Cook said Apple’s board intends to raise the dividend in April, but he didn’t providing specifics.
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.
Related Posts
-
4/20 grew from humble roots to marijuana’s high holiday Posted: April 19, 2024 at 3:06 pm(AP) — Saturday marks marijuana culture's high holiday, 4/20, when
Read more » -
Here’s how Phish is using the Sphere’s technology to give fans something completely different Posted: at 2:59 pm
(AP) — Phish opened its four-night stay at the Sphere
Read more » -
Finding an apartment may be easier for California pet owners under new legislation Posted: at 2:56 pm(AP) — California pet owners struggling to find a rental
Read more » -
New attorney joins prosecution team against Alec Baldwin in fatal ‘Rust’ shooting Posted: April 18, 2024 at 2:51 pm
An attorney has been added to the special prosecution team
Read more »
Central Valley Biz Blogs
-
BLOG: Happy birthday to Marketplace at El Paseo
Posted: April 12, 2024 at 1:23 pm
Ten years ago this week, Fresno’s fastest-growing shopping center got
Read more » -
BLOG: Fresno EDC’s April 18 real estate forecast a can’t-miss event
Posted: April 10, 2024 at 11:27 am
The Fresno County Economic Development Corporation (EDC) invites you to
Read more »
