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Apple CEO: Special dividend for $285 billion in overseas cash unlikely

“AAPL, +0.91% Chief Executive Tim Cook said Tuesday at the company’s annual shareholder meeting that a special dividend is unlikely as Apple looks to spend $285 billion stashed overseas, according to a report” writes Tech Reporter for Apple stock is up less than 1% to $163.89 in afternoon trading.Apple stock has gained 23% in the past 12 months, as the S&P 500 index SPX, +0.30% rose 14%.”But in terms of annual increases in the dividend, it is something that this board and management are committed to doing.”.

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