Quartz: Apple Stock Buyback or More Dividends Likely Coming This Spring

Gina Chon, reporting for Quartz:

Apple’s zeroing in on a dividend or buyback was in the works before Einhorn made his complaints public in February, although some of the sources say Apple increased the size of its plan after Einhorn’s comments. And although Apple CEO Tim Cook publicly called Einhorn’s lawsuit a “silly sideshow,” the company found his idea of preferred shares “interesting,” sources said. If it decides against a share buyback, Apple could either raise its existing dividend, which the company started paying this year, or issue a special dividend.

Interesting story for Quartz to get the scoop on — I’d have expected this to leak to the WSJ or Businessweek first.

Tuesday, 12 March 2013