Apple has issued a press release announcing a conference call it will be holding tomorrow morning to discuss the “outcome of the Company’s discussions concerning its cash balance.” In case you didn’t know, Apple is sitting on nearly $100 billion in cash, making it the most valuable company in the world.
The call will be hosted by Apple CEO Tim Cook and the company’s CFO, Peter Oppenheimer, on March 19th at 6:00 A.M. PDT/9:00 A.M. EDT. Could AAPL shareholders finally receive dividends?
As of January 2012, Apple has $97.6 billion in cash and no debt. The company’s continued success has caused its stock to teeter at $600 per share, and its market cap is currently valued at $546 billion. Not too shabby for a company that was started in a garage.
Apple has repeatedly declined to comment on its plans for its cash reserves and liquid assets, with executives stating that the company won’t let the money “burn a hole in our pocket.” Shareholders haven’t received a cash dividend since 1995, and many have been clamoring for one since AAPL stock started skyrocketing.
Apple could buy a lot of things. Whether it announces a large acquisition (we find that unlikely), shareholder dividends, or another surprise, stay tuned to Cult of Mac for coverage tomorrow.
Alex Heath is a journalist who works for Tech Insider. He’s the former co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like “ICONIC: A Photographic Tribute to Apple Innovation.” He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.
9 responses to “Apple To Announce Plans For $100 Billion Stockpile Of Cash, Shareholder Dividends?”
They could buy a giraffe for the employee lounge
Apple University!
To graze in the middle of their new circular office building. Their own zoo inside apple headquarters!
How about a foursome?
1) Buying up Netfix and TiVo
2) Dividend
3) Share buyback
4) Stock split
Pick two of that four.
Dividend & stock split.
Yes, stock split and dividend, in that order
Buy a company that makes OLED’s, since Samsung nor LG will not supply them to Apple. How about a 2 for 1 stock split. Could be a major buy back of stock.
Build a robot skeleton army to hunt down Android users?
What about investing them in finding a cure for cancer? For Steve Jobs it’s too late, for other people we’re still in time.