Apple expected to double dividend to $16 billion, among highest in U.S. history

Apple Quarterly Dividend

Apple (AAPL) shares are down more than 35% over the past six months, but Apple may be set to provide investors with one of the highest dividend yields in U.S. technology company history. According to Bloomberg, analysts polled by the news organization expect Apple to increase its dividend by 56% to $4.14 per share, higher than 86% of S&P 500 companies that currently pay dividends. This would raise Apple’s annual payout to nearly $16 billion. “The accumulation of cash has become excessive,” Topeka Capital Markets analyst Brian White told Bloomberg. “It doesn’t matter which bearish scenario you forecast, they’re never going to need this much cash.”

Source:
Bloomberg
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