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In the current scheme of things, I believe Apple was able to pay the extra dividends using its income. The activist shareholders agitated for a bigger return to
by abawany 11y ago
In the current scheme of things, I believe Apple was able to pay the extra dividends using its income. The activist shareholders agitated for a bigger return to shareholders and Apple complied, as I understand it. I don't believe cash repatriation was required in this scenario. It seems that Apple was also "encouraged" to perform stock buybacks by these investors.
ref: http://learnbonds.com/124673/apple-inc-aapl-is-preparing-to-give-carl-icahn-27-5-million/ http://learnbonds.com/124673/apple-inc-aapl-is-preparing-to-...