Apple reportedly planning big increase in share dividend

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Apple reportedly planning big increase in share dividend

Apple is poised to boost its dividend by more than a half, according to a survey of analysts, providing investors hit by a share slump with one of the highest yields in the U.S. technology industry.

Apple will probably lift its quarterly dividend 56 percent to $4.14 a share, for an annual payout of $15.7 billion, according to the average estimate from six analysts. The resulting yield of 3.7 percent would be higher than 86 percent of the companies in the Standard & Poor’s 500 Index paying dividends. Apple could fund a payout with existing cash flow without using profit from overseas, which can be subject to extra taxes, said Gene Munster, an analyst at Piper Jaffray.

Bloomberg
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