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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jeftuxedo who wrote (149862)2/8/2013 10:04:01 AM
From: Moonray1 Recommendation  Respond to of 213173
 
Apple can double its dividend – RBC

“Given Apple’s history of announcing products and changes to capital allocation policy through company
specific events, we believe any change…would likely occur in the March time frame, after the annual
shareholder meeting,” analysts at RBC Capital Markets said.

In 2012, Apple announced its dividend and share buyback on March 19.

The company currently plants to return US$45-billion (roughly US$10-billion completed to date) to
shareholders in the form of share repurchases and dividends over three years.

RBC believes Apple has the ability to double its dividend (to a 4%-plus yield) and start returning additional
excess capital to shareholders.

The analysts think this could get the stock moving higher in the near term.

By doubling its annual dividend to US$21.20, this would imply distribution of roughly US$20-billion or 15%
of the total current cash balance.

RBC expects Apple will generate US$45-billion of free cash flow (FCF) in fiscal 2013, so the higher payout
would represent about 44% of its FCF.

More at: business.financialpost.com

o~~~ O



To: jeftuxedo who wrote (149862)2/8/2013 10:28:50 AM
From: Sr K  Respond to of 213173
 
The stock grants were made to better align management's objectives with investors'. Not to take the money and run. Cook could "take" all the cash per share, or even better, put a chunk of it into preferred stock paying 4%, and just wait 3.5 years until the first 500,000 shares vests, and take his ~$250 million.

Or, wait 8.5 years until the other 500,000 shares vests and build up his preferred stock "portfolio".

That's not what the stock grants aimed to do.


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