Apple Should Announce Dividend

In my prior Seeking Alpha article, I predicted that Apple, Inc. (AAPL) would announce a dividend contemporaneously with its earnings on Tuesday. Apple did not, and I was wrong. But the rationale for a one-time dividend is still intact.Nothing has changed since earnings, except that my belief based on such earnings is even stronger now. Apple had blow-out earnings of $6.43 per share, while raising forward guidance to $4.90, handily above even the highest of analyst expectations. In addition, Apple generated operating cash of $9.8 billion, resulting in cash and marketable securities (taken together, "cash") of $59 billion, a number that will certainly rise by $3 billion to $5 billion more even with anticipated capital expenditures in the current quarter.... Read more

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