Apple predicted to announce ‘modest’ increases to share buyback & dividend in next earnings call

The highlight of Apple’s next quarterly earnings call later this month could be moderate increases to the company’s share buyback program and dividend payouts to shareholders, many investors reportedly expect.

Gene Munster of Piper Jaffray said in a note to investors on Wednesday that he expects Apple to announce an increase for its share repurchase program, as well as its quarterly dividend, in its next earnings report on April 23. Munster said most buy-side investors agree with this line of thinking, representing Wall Street’s expectations going into the announcement of March quarter results.

According to Munster, this belief is likely already priced into shares of AAPL, so any announcements come April 23 may not have a significant effect on the company’s stock price.

Apple has been under investor scrutiny for sitting on a pile of cash that was at one point near $160 billion. Facing pressure from Wall Street, the company responded by buying back billions of dollars worth of its own shares, and also paying out a quarterly dividend that is currently at $3.05 per common share.

Read more here.

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