Monday, March 19, 2012
Apple to Reveal Plan for Cash Hoard | Fox Business
Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995.
Just days after its stock touched $600 per share, Apple issued a short press advisory saying it would hold a conference call on Monday to discuss the outcome of discussions about its cash balances.
The maker of the iPhone, iPad and iPod has $98 billion in cash and securities, equal to about $104 a share according to ISI Group analyst Brian Marshall.
Wall Street has increasingly bet that Apple will this year return cash to shareholders, taking a cue from Chief Executive Tim Cook's comments about "active discussions" at the top levels about the matter.