[…] when Apple initially announced its dividend in March – the first since 1995 – the company had more than $97 billion in cash. It seemed to have begun the program because management didn’t know what else to do with the funds – a little shareholder pressure likely helped, too.
As of September, Apple boasted more than $122 billion in cash and equivalents, amounting to an additional $25 billion more than it had available to distribute in March.
As Apple’s products became more popular, its cash balance ballooned. The company simply cannot spend nearly as much money as it brings in.
Si eu cred ca, la urmatoarea adunare a actionarilor, adica la un an de la instituirea dividendului, Apple va creste (probabil ca va dubla) nivelul dividendului, iar cand va obtine un tax break pentru cash-ul din strainatate va distribui si un dividend special de cel putin 20-30$/actiune. Upside pentru AAPL.