Yesterday the Wall Street Journal ran a story about hedge fund titan David Einhorn, and his firm Greenlight Capital’s view that Apple isn’t distributing enough cash to shareholders. Einhorn says Apple is behaving with a “depression-era mentality” according to the story.
Apple lays out $45 billion, 3 year strategy to attract new investors and neutralize dilution
As expected, and hinted at by Apple CEO Tim Cook, Apple announced the start of a regular quarterly dividend this morning. They also announced intentions to buy back stock, although the dividend is the bigger news, and drew more questions from analysts on the call.