Apple is expected to show the money to shareholders on April 28
After adding $90 billion to its stock buyback plan and increasing its dividend by 7% last year, Apple is expected to reveal this year’s capital return plans to shareholders in its Q222 earnings report after the bell on Thursday April 28.
Apple typically announces its latest buyback and dividend strategies in conjunction with its March quarter results, and this year’s update may be the “most progressive upside potential” item in Apple’s entire report. , according to Wells Fargo analyst Aaron Rakers.
The company continues to be a cash-generating machine, and with its stock yielding only around 0.5%, Rakers expects Apple to be able to add at least $90 billion to its buyout program and increase its dividend by more than 10%.
[Apple] shipped more than $100 billion in total to investors in its last fiscal year.
CFRA’s Angelo Zino sees the potential for a more buyout-heavy update, predicting a $100 billion increase in Apple’s share buyback authorization and a roughly 7% increase in its dividend.
Taken from MacDailyNews: We expect Apple’s shareholder dividend to be around $0.24 per share with an outside chance of a nice quarter round ($0.25) per share and redemptions of $90 billion. dollars at least.
Analyst consensus (FactSet) expects Apple to earn $1.43 per share in the second quarter, up from $1.40 per share a year earlier. Estimate’s average estimate is $1.51/share. FactSet consensus forecasts Q2 revenue of $94.11 billion and Estimize forecasts $95.7 billion, up from $89.58 billion year-on-year (Q221).
As always, we’ll have Apple’s results for you as soon as they become available after market close, around 1:30 p.m. PDT / 4:30 p.m. EDT on Thursday, April 28.
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