At an annual shareholder meeting at Apple Park in Cupertino on Tuesday, Cook responded to a question on whether the company might double its dividend in the wake of changes to United States tax laws that allowed corporations to bring back overseas cash at lower tax rates than before.
“Special dividends, I‘m not really a fan of,” Cook responded. “But in terms of annual increases in the dividend, it is something that this board and management are committed to doing.”
Cook said the company would provide an update on its capital return program during its April earnings call with investors, as it has done for the past several years.
My take: That’s one cash return fantasy shot down.