Apple will boost its dividend by 56 percent to please and attract investors, according to reports.
The tech titan could raise its quarterly dividend to $4.14 a share, or an annual $15.7 billion, Bloomberg News reported. The rumor comes as a Apple chief Tim Cook deals with pressure from investors like David Einhorn's Greenlight Capital that are pushing for cash payouts.
“The accumulation of cash has become excessive,” Brian White, an analyst at Topeka Capital Markets, told Bloomberg. “It doesn’t matter which bearish scenario you forecast, they’re never going to need this much cash.”