Apple CEO: Special dividend for $285 billion in overseas cash unlikely

Apple Inc. AAPL, +zero.71% Leader Government Tim Prepare dinner mentioned Tuesday on the corporate’s annual shareholder assembly particular dividend is not going as Apple appears to be like to spend $285 billion stashed out of the country, in step with a file. "Particular dividends, I am not in reality keen on," Prepare dinner mentioned in line with a query, Reuters reported Tuesday. "However relating to annual will increase within the dividend, it’s one thing that this board and control are dedicated to doing." Apple inventory is up not up to 1% to $163.89 in afternoon buying and selling. Prepare dinner mentioned executives would replace shareholders at the corporate’s capital go back program on its April income name. Apple inventory has won 23% prior to now 12 months, because the S&P 500 index SPX, +zero.17% rose 14%. The Dow Jones Commercial Moderate DJIA, +zero.09% of which Apple is an element, has won 21% prior to now yr.

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