Wells Fargo analyst Aaron Rakers expects Apple Inc. (NASDAQ: AAPL) to announce a dividend increase of at least 10% as well as its expand its stock buyback program by $50 billion while reporting its second-quarter results on April 28, Barron's reported Monday. What Happened: Rakers said in a research note that he expects Apple to boost its dividend by at least 10%, reflecting significant free cash flow generation, as reported by Barron's.
Analyst Expects Apple To Hike Dividends By At Least 10% When Reporting Q2 Earnings