💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Analyst says Apple could double its dividend; leaked memo shows employee arrests

Published 04/13/2018, 04:15 PM
© Reuters.  Analyst says Apple could double its dividend; leaked memo shows employee arrests
AAPL
-
  • Longbow Research says Apple (NASDAQ:AAPL) could double its dividends and still match the payouts of other tech companies.
  • Analyst Shawn Harrison: “We see Apple substantially increasing its capital return program given the incremental cash provided from U.S. tax reform and Apple’s pledge to reduce its net cash position to zero over time. Apple should double its dividend to align its payout ratio to that of large cap tech peers.”
  • Harrison notes that Apple pays out 26% of its FCF compared to the 43% average for its large-cap tech peers.
  • Doubling the dividend would still leave the company with more than $40B of FCF for buybacks.
  • Leaking the leakers: Apple has arrested 12 employees in the last year due to leaking internal information about software plans. The news came out in a leaked memo.
  • Apple shares closed today up 0.5% to $174.96.
  • Now read: Trump Tariffs' Impact On Apple


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.