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Apple CEO leaves investors dangling on future dividend hike

“If the rate on overseas profits had remained unchanged, Cook said Apple and other U.S. companies would have left the money sitting in foreign accounts” reports foxbusiness.com. He said the previous system was unfair because it imposed unreasonably high tax rates on overseas profits after Apple had already paid taxes on the money to foreign governments.The hopes for a large dividend increase and a coinciding commitment to buy back large amounts of Apple stock has helped buoy the company’s shares.Apple’s annual dividend increases have ranged from 8 to 15 percent since the payment was reinstated at a split-adjusted 38 cents per share nearly six years ago.
 
Source: foxbusiness.com



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