Apple Not Seen Paying Special Dividend With Cash Overseas
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Apple Inc.’s ability to pay a special dividend is limited because almost 70 percent of its cash is outside the U.S., reinforcing why investors aren’t projecting an extra payout by year’s end.
While dozens of companies are paying special one-time dividends ahead of a potential jump in taxes, Apple probably won’t join in partly because so much of its $121.3 billion in cash is held overseas, according to analysts. Apple is likely to focus on boosting its quarterly $2.65-a-share dividend, said Brian White of Topeka Capital Markets Inc.