Apple With $137 Billion in Cash Considers Preferred Stock: Tech
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As Apple Inc. discusses ways to disburse some of its $137.1 billion in cash to shareholders, it will have to weigh the appeal of preferred shares against the higher dividends and buybacks favored by many investors.
Each option has advantages. Greenlight Capital Inc.’s David Einhorn is pushing for preferred shares, saying they benefit investors. Some shareholders said they’d be satisfied with higher dividends and bigger buybacks.