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Dividend soon on Apple stock
APPLE could be close to paying a dividend, it was revealed, as chief executive Tim Cook told investors the board is “thinking about this very deeply.”
He dropped the hint during the company’s first annual general meeting since the death of Steve Jobs, who famously refused to pay a dividend.
Apple is sitting on a $97.6bn cash pile and has been pressured by investors to start sharing this out.
The tech giant also said it will grant shareholders more say in the appointment of directors to its board.