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.”
Apple expected to double dividend to $16 billion, among highest in U.S. history
Published Mar 18th, 2013 3:57PM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
