View the step-by-step solution to:

Question

Case: Last year, Apple Inc announced that it was to start to offer dividends and share buy-backs to its

shareholders. This was the first time since 1995 that Apple had offered a dividend.

 

Discuss in detail the reasons why Apple may have not paid dividends over the past 17 years, and the reasons why it has now decided to do so, draw upon the theories of dividend relevance and irrelevance in your answer.

Top Answer

Apple Inc. needs to make huge investments in research and development, new store openings, Capital expenditure, due to... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question