Apple is expected to announce a significant increase to its shareholder returns in its upcoming March-quarter earnings report. This is a common practice for Apple.
Morgan Stanley analyst Erik Woodring predicts a low-to-mid single-digit percentage increase in Apple's dividend. Furthermore, he anticipates a $110 billion increase to its stock buyback authorization, mirroring last year's record-breaking addition.
Apple currently distributes a quarterly dividend of 25 cents per share.
This is Apple's buyback quarter.
Typically, the company uses its March-quarter report to share how much cash it intends to return to shareholders. That means a likely dividend hike as well as an enhanced buyback program.
Morgan Stanley analyst Erik Woodring expects Apple to boost its dividend by a low-single-digit to mid-single-digit rate and announce a $110 billion boost to its buyback authorization. That's how much Apple added to its buyback program last year — a record total for any U.S. company at the time.
Apple currently pays a 25-cent quarterly dividend.
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