Apple to reveal decision on use of cash hoard on Monday morning

Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash balance.
Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash.

Analysts expect Apple to institute a dividend. It can easily afford one, since it had $97.6 billion in cash and securities at the end of last year,” Peter Svensson reports for The Associated Press. “That would be enough for a $100 one-time dividend for every shareholder, but analysts expect the company to institute a modest recurring dividend.”

Svensson reports, “Apple CEO Tim Cook and Chief Financial Officer Peter Oppenheimer will discuss the decision on a conference call at 9 a.m. Eastern time Monday morning, the company said late Sunday.”

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