Of course they were not going to announce a dividend increase today. Anyone who expected that was a fool.
That is not the kind of thing that is done at a shareholders meeting. More importantly, and significantly, all you have to do is look at what they did one year ago.
They did not announce the new dividend at the shareholders' meeting in February 2012.
They announced it on March 19, 2012.
Expect an announcement in March. Until then, do not take their silence as an indication they will not be increasing the dividend.
In February 2012, there were rumors of a dividend and buyback announcement at the shareholder meeting. That did not happen, but it did happen a few weeks later on March 19, 2013.
One must realize that Cook has to be very careful what he publicly promises, especially at a shareholder meeting. I agree that Apple will increase the dividend, probably 10% per annum. There will probably also be increased share buy backs announced in the near future. I would look for a bounce going into the next quarterly CC
I agree. COOK said re. Returning More Cash to Shareholders "We're seriously considering it". So its coming. He just doesn't want to be seen caving in to Einhorn, and increasing the dividend now. Its coming in a month.
He also said something similar at the 2012 shareholder meeting. Basically, "we are seriously considering it."
And it is not really about not wanting to be seen as caving to Einhorn. It is just the schedule.
They announced the initial dividend in March of 2012. It stands to reason that they would announce an increase in March of 2013.
Personally, I have always expected that they would announce annual increases going back to last March. I'm not sure why people find the prospect so surprising and I do not know why Einhorn has decided to make this an issue without first waiting to see what Apple does in March. I think he jumped the gun in believing Apple needed to be pressured.
It is likely that Apple planned from a full year ago to increase the dividend each year to reflect their increasing cash flow. That is common for dividend paying companies. I own several such companies and they generally announce increases about once a year unless they had a bad year and did not see increased cash flow.
Einhorn had no reason to believe that Apple would not be increasing the dividend this year. He acted to soon.