Apple Inc. (NASDAQ:AAPL)’s capability to disburse a special dividend, viewed by investors as improbable, is limited for the reason that nearly 70 percent of its cash is outside the US.
Whereas dozens of firms are paying special one-time dividends earlier than a potential jump in taxes, Apple possibly won’t join in partly as so much of its $121.3 billion in cash is held out of the country, in accordance with analysts.
Brian White of Topeka Capital Markets Inc commented that Apple is expected to concentrate on boosting its quarterly $2.65-a-share dividend. He added that Apple doesn’t share the similar concerns as other firms over the tax hike. [article_detail_ad_1]
Oracle, Wal-Mart Stores, Costco Wholesale Corporation and at least three dozen other firms have announced special dividends this quarter, in accordance with data compiled by Bloomberg.
The payouts come prior to a probable increase in the top federal tax rate on dividends to 43.4% from 15% coming year as part of the so-called fiscal cliff, a blend of tax hikes and spending trims that will take effect if US lawmakers don’t forge a budget agreement.
Oracle Corporation (NASDAQ:ORCL) has declared an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.18 a share planned for December 21, 2012. Shareholders who bought ORCL stock before the ex-dividend date are entitled for the cash dividend payment. At the existing stock price of $31.92, the dividend yield is 2.26%.
Wal-Mart Stores, Inc. (NYSE:WMT) in a disclosure report to the US Senate has stated that it spent $25 million on lobbying over the previous four years, together with issues related to improved market access for investment in India.
Costco Wholesale Corporation (NASDAQ:COST), a large subscription warehouse retailer, is likely to announce a 16.6% increase in its fiscal Q1 earnings on stronger revenue from improved membership.
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