Apple earns only about 1% interest by hoarding its pile of cash reserves. Today, it announced how it would start earning investor love with a stock buyback and dividends.
Apple CEO Tim Cook said in a conference call today it would start spending down its nearly $100-billion pile of cash with a $10 billion share buyback and a quarterly stock dividend of $2.65 a share.
Disney and other big companies have boosted annual stock dividends lately. Does this mean America's economic crystal ball is clearer? Or do companies simply not have better options to spend the cash they're hoarding?