Apple will likely tap into its hefty hoard of cash to fund a dividend increase of more than 50 percent, according to a consensus of six analysts surveyed by Bloomberg.
A quarterly dividend rise of 56 percent would cost Apple $4.14 per share, or $15.7 billion a year. That seems like a lot of money to most companies. But Apple is sitting on cash of $100 billion and has been under pressure to return some of that money to its shareholders.
Greenlight Capital's David Einhorn, a major Apple investor, has criticized the company for not sharing its … Read more