Apple meeting: CEO Cook downplays repatriation dividend

|About: Apple Inc. (AAPL)|By:, SA News Editor

At the Apple (AAPL +0.9%) annual meeting now in the books, CEO Tim Cook was dismissive of a suggestion that the company use repatriation to get shareholders a special dividend.

“Special dividends, I‘m not really a fan of,” he said in response to a call for possibly doubling its dividend after recent cuts to repatriation taxes.

“But in terms of annual increases in the dividend, it is something that this board and management are committed to doing.”

The company will plan as always to update on its capital return program during its April earnings call, he said.

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