chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 5, 2019 14:04:01 GMT -8
Would you be as supportive of Tim Cook if tomorrow he announced that Apple was contributing a billion dollars to The Right To Life organization? Would you continue to hold shares? This is a totally bogus comparison. As I said, the contribution in question was intended to target the ability of Apple employees to acquire homes that enable them to work within a reasonable distance from Apple. Your example has no relation to the ability of Apple to attract well-qualified employees.
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 5, 2019 14:23:30 GMT -8
Honestly, seeing how Apple consistently puts the owners of the company at the bottom of the list when spending “its” cash hoard, I’d like to see a general revamping of corporate rules to more clearly and unequivocally prioritize shareholders as the #1 use for surplus cash. Especially since we’ve recently seen the rate of dividend growth *decrease*. But they have billions to give away for housing? Obviously, R&D and acquisitions and financial engineering are legitimate uses as well. I'm not sure how you could say this with a straight face. Apple has returned hundreds of billions to their shareholders over the last decade! Some in the form of dividends, and some in the form of share buybacks. I'm not sure why, just because you happen to favor dividends, that the rest of us should be forced to have to get all our ongoing return in the form of dividends instead of in the form of capital gains. For most of us, the problem with dividends is that we can't time the receipt, and thus the taxation, of that kind of income. While with capital gains income, we can time it in a beneficial manner to us. If you really want more current income, simply sell some of your shares (commensurate with the float percentage decline) back to the company, and call it "dividend". You may even be able to time things, and choose lots, in such a way as to delay/decrease overall taxation. It is essentially financially equivalent.
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