Apple boss considering dividend payments

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Apple boss considering dividend payments

Simon Quicke

Apple has given ground to major shareholders agreeing that it will give them more influence over board appointments in the future.

There had been a long standing resistance by the vendor to making any changes to the way it made appointments because of potential legal complications but it has been under pressure to consider changes after shareholder complaints came to light last summer.

According to reports coming out of yesterday's investor meeting Apple made the decision to change its approach in a move that will placate some of its largest backers, including the US pension fund Calpers.

There is also a prospect, raised by the CEO Tim Cook at the meeting, that the vendor will use some of its $97.6m cash reserves to pay shareholders a dividend as it was "more than we need to run a company".

Apple has not offered a dividend for years last handing out payments to shareholders before it released the iPod.

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