Apple CEO downplays special dividend, says he’s ‘not really a fan’ at shareholder meeting

Apple CEO Tim Cook said the company is committed to annual dividend increases at its annual shareholder meeting.Marcio Jose Sanchez/AP Photo file

Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the US$285 billion in cash that the company is now able to bring back from overseas.

At an annual shareholder meeting at Apple Park in Cupertino on Tuesday, Cook responded to a question on whether the company might double its dividend in the wake of changes to United States tax laws that allowed corporations to bring back overseas cash at lower tax rates than before.

“Special dividends, I’m not really a fan of,” Cook responded. “But in terms of annual increases in the dividend, it is something that this board and management are committed to doing.”

Top