Signals out of the ultra-secretive executive suite at Apple increasingly point to an announcement soon of a dividend increase, buyback or another form of capital distribution to shareholders. The latest came from an analyst report Sunday.
"While trying to extract information from AAPL (Apple) management is like squeezing 'water from a rock,' we did speak with AAPL CFO (Peter Oppenheimer) this past Friday and found the conversation helpful," wrote ISI analyst Brian Marshall in a note to clients Sunday. "We touched upon a variety of topics, including capital allocation framework."
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After speaking with Oppenheimer, ISI's Marshall recommended back to the company in Sunday's report that it increases its current 3-year allocation plan amount to $60 billion from $45 billion. His plan, which would use 50 percent of the firm's annual free cash flow, puts two-thirds of the cash toward a dividend and the rest to buy back shares.
Marshall's conversation followed a rare press release Thursday from Apple, which came in response to a call from activist investor David Einhorn for the world's largest technology company to issue preferred stock.