Analysts at Wells Fargo think that Apple’s going to start handing some of its massive cash pile to investors by increasing its dividend.
Ahead of Apple’s Q2 earnings later this month, Wells Fargo suggests that Apple will be looking to pass on some of the money that it’s accrued in the U.S. through repatriation. The firm also thinks that Apple is going to raise the number of shares that it buys back.
Wells Fargo analyst Aaron Rakers suggests that Apple will authorize $35 billion in share repurchases. While smaller than the $100 billion it spent in 2018, this is in line with what Apple spent the two years prior to this. Rakers also thinks that Apple will pay out $10.75 billion in dividends.
In total, Wells Fargo thinks that Apple will have around $129.6 billion in cash at the end of the financial quarter.
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