Hey, Apple: Raise Dividend and Sustain Buyback Through Innovation (AAPL) $AAPL

Apple (NASDAQ:AAPL), perhaps the greatest wealth-creating stock in history, has now become a huge battleground stock. Whether you believe the company has lost its ability to innovate since the passing of Steve Jobs is irrelevant. What I wish to discuss in this article is what is happening financially with the company. That is, sales, buybacks, and dividends. As most of us know, Tim Cook, Apple’s CEO, made clear in a recent interview that the company bought back $14 billion in Apple stock since Apple reported its results at the end of January. Apple chose to use its hoard of cash to be aggressive in buying back shares. Why did the company do this? Well, management realized that the share price was far too low after dropping more than 50 points following the quarterly report. However, one downside about spending all this cash on the buyback is that...READ MORE