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Apple CEO leaves investors dangling on future dividend hike

Apple CEO leaves investors dangling on future dividend hike. (AP) -- Apple CEO Tim Cook is leaving shareholders in suspense about whether the iPhone maker will use its windfall from a tax cut on overseas profits for a big boost to its quarterly dividend. After joking that his seat suddenly felt hot as he rose from a chair, Cook said Apple's board intends to raise the dividend in April, but he didn't providing specifics. Investors have been anticipating a substantial dividend increase since Apple announced plans to take advantage of a temporary tax break championed by the President Donald Trump to bring an estimated $245 billion in overseas cash back to the U.S. What to read next.

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19 other references