Expectations are rising for the announcement of Apple's dividend which, according to analysts consulted by Bloomberg, intends to increase its coupon by 56%, to $4,14 per share, totaling $15,7 billion annually. The payout, equal to 3,7%, would be one of the highest in the technology sector.
To meet the payment Apple would have to use the free cash flow, therefore without resorting to profits made overseas, which would be subject to extra taxation.
The decision to increase the dividend should end the war declared on CEO Tim Cook by David Einhorn, manager of hedge fund Greenlight Capital (which holds 0,12% of Apple shares), which last month had lobbied shareholders to request the group to continue distributing preferred shares, threatening, otherwise, legal action against the top management of Cupertino, guilty, according to him, to manage Apple's immense cash availability (over 137 billion dollars), with "a Great Depression mentality", instead of redistributing the rich proceeds to its shareholders.
Attachments: The Washington Post article
