Tech giant, Apple Inc. (AAPL) is holding onto more cash than ever, and as more time passes, the cash pile will only become larger if Apple does not distribute it.
As analysts and investors take guesses on what Apple will finally do with its hoard of cash, the company’s cash continues to grow even larger. With a current amount of $137 billion in unused cash, Apple has more extra cash than anyone. According to Moody’s Investors Service, if Apple doesn’t do something with this cash soon, it may have up to $170 billion by the end of year.
Investors and analysts continue to wonder just when Apple will make some kind of return to its shareholders, whether it be by share buy backs, a raise in dividends, or even the distribution of preferred shares. Analysts have recently reported that a dividend increase of over 50% can be expected this year, but Apple has not made an official announcement.
Apple shares were up $5.05, or 1.11% during Tuesday morning trading. The stock has dropped -24% in the past year.
The Bottom Line
Shares of Apple Inc. have a 2.33% yield, based on Monday’s closing price of $455.72.
Apple Inc. (AAPL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.