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Apple Shareholders Call for Higher Dividends

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  • Description

    FBN’s Adam Shapiro on Apple’s annual shareholder meeting.

  • Duration 2:11
  • Date

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This transcript is automatically generated

Well meanwhile -- example the stock is 37%.

Off the high it reached back in September take it from stockholder today -- apple shareholder meeting I wasn't there but a lot of people were looking for answers.

From the man in charge Tim Cook what you have thrown a tomato or to our.

I would shouted a question or -- -- Adam -- heavy tomatoes out there outside Apple's headquarters in Cupertino California.

No is almost like -- 1960 love that everyone is feeling very good about what mr.

Coach had to say but the key issues remain.

137.

Billion in cash what -- got to do -- that money.

Would you return some of that money in the form of higher dividends or would it perhaps be returned in the form of preferred shares were David Einhorn want.

Most of the shareholders here.

Don't like David Einhorn but they do like the idea of returning capital to.

There are pockets and here's a lot of them told us when we asked him about Samsung and the competition because mr.

cook said we're not about building -- We're about building the best.

I hope the best includes more traditional products that are competitive with Samsung.

And I think at Apple's done a great job with a once they have.

Leaves US Joseph -- in the program the question of how do you raise the stock price if you're not building more and -- more but to build the best -- you necessarily sell more.

That's a question lot of shareholders had they also had a question about.

When do we get more of a dividend here's -- one of them told me.

I think the dividend should be increased but I don't think they should wipe out a 130 billion dollars just in dividends.

But I think a fair percentage of that shouldn't be returned to the people who have helped them get where there today.

And that David Einhorn preferred share issue will be presented to the shareholders as a separate issue for them to vote on at some point.

So that's definitely not going away other than that -- as it was -- come by -- 1968 love -- they were very happy with.

Cook in the board of directors -- now believe it has about those well I know about the love fest but I'm not sure I have one for Tim Cook thank you very much added sugar.

Yeah so what's --

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