Since the death of Steve Jobs, Apple shareholders have become increasingly insistent about accessing some of the cash Apple has been hoarding. The most recent balance sheet shows that Apple has about $100 billion in cash just sitting there — and many shareholders think they have a right to some of it.
AAPL’s leaders have said they are considering what to do with the cash hoard, and trying to determine the best course of action. Some shareholders, though, are starting to murmur about legal action and forcing a dividend. There are some legal precedents in the past for forcing companies to pay dividends, but the circumstances aren’t the same as the current situation with AAPL. Over the next quarter or two, it should be interesting to see what happens with the company.
Dividend Increases from KO, JWN and ENB
Also this week, a few companies announced dividend increases. Some of the increases came from venerable dividend payers that continue to provide generous payouts to their shareholders. Some of those include:
- Coca Cola: Once again, KO has proved why its on the list of dividend aristocrats. The quarterly dividend has been raised to 51 cents a share from 47 cents a share. The company’s revenues continue to grow, and the dividend indicates that KO is confident in its cash flow.
- Nordstrom: The high-end retailer is looking to put its cash back into shareholder pockets with a 17% dividend increase. Additionally, JWN also announced a stock buy back program worth $800 million. The company appears to be benefiting from a renewed demand for designer goods as the economy begins its recovery.
- Enbridge: Canadian pipeline company Enbridge also announced that it is increasing its quarterly dividend. In this case, it is boost its payout by 15%. ENB builds pipelines in the U.S. and in Canada, and is expected to continue to see profits.
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