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Apple Not Seen Paying Special Dividend

With a high percentage of its cash held outside the U.S., company is more likely to boost regular payout.

By Adam Satariano, Bloomberg | Updated on December 11, 2012

Apple Inc.’s ability to pay a special dividend, viewed by investors as unlikely, is limited because almost 70 percent of its cash is outside the U.S.

While dozens of companies are paying special one-time dividends ahead of a potential jump in taxes, Apple probably won’t join in partly because so much of its $121.3 billion in cash is held overseas, according to analysts. Apple is likely to focus on boosting its quarterly $2.65-a-share dividend, said Brian White of Topeka Capital Markets Inc.

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