OS and Software > All Things Macintosh > Will Apple declare a dividend for investors? Watch tomorrow!

Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash balance. Apple® will not be providing an update on the current quarter nor will any topics be discussed other than cash.

Apple will provide a live stream of the conference call on its website starting at 6 AM PDT (9 AM EDT). As noted in the press release, Apple won’t discuss any other details related to the ongoing quarter — as such, we shouldn’t expect any sales numbers related to the release of the new iPad during the conference call.

They will buy AT&T.

It's close enough to the announcement now that I can tell you that Tim is giving it all to me.

Apple Announces $11 Dividend And Share Buyback
»www.businessinsider.com/apple-an···k-2012-3

Apple Announces $11 Dividend And Share Buyback
»www.businessinsider.com/apple-an···k-2012-3

I find the stock buyback plan odd. Usually companies do this when their stock value is diluted due to the number of shares. They buy them back and cancel them. Unless this is a prelude to a stock split. That would make sense given the high value of the shares.

But at least the stock is up pre-market.

I find the stock buyback plan odd. Usually companies do this when their stock value is diluted due to the number of shares. They buy them back and cancel them. Unless this is a prelude to a stock split. That would make sense given the high value of the shares.

During the call they mentioned that the dividend wasn't higher because much of their cash is overseas and they won't bring that cash back to the US as long as the US taxes that money at higher rates. They said they will continue to lobby the Congress to change those tax rules.

Apple's CFO Peter Oppenheimer slammed U.S. tax policy on overseas profits as part of a highly anticipated announcement Monday detailing Apple's plans to spend nearly half of the $100 billion in cash. He added that the company doesn’t have plans to repatriate any of its money parked overseas.

"Repatriating cash from overseas would result in significant tax consequences under U.S. law," Oppenheimer said on a conference call with analysts. "We have expressed our views to Congress and the administration. We think current tax laws provide significant disincentive to U.S. companies that would otherwise repatriate the significant cash they have on hand."

Apple currently pays an international tax rate of less than 3 percent, according to data from Bernstein Research cited by the Wall Street Journal, while most large companies pay an international tax rate of between 13 and 25 percent.

If Apple ever did repatriate its foreign profits, the company would indeed have a big bill to pay: about two-thirds of the Apple's money is currently parked overseas, according to the WSJ.

Many major U.S.-based multinational corporations have pressed for a repatriation tax holiday in recent years, arguing that if they were given a tax break on the money they make overseas they would invest and create jobs back home.

Congress already tested the repatriation tax holiday in 2004, but it did little to create jobs, according to Treasury Department analysis. The report found the companies that reaped the most from the holiday actually cut jobs from 2005-2006 and used the money instead to buy back stock.

The Heritage Foundation, a conservative think tank, reversed its position on the repatriation tax holiday in October, saying it wouldn't spur U.S. investment or job growth.