Don't Bet on Apple (AAPL) Announcing New Capital Plan w/ Q2 Results

Amid speculation to the contrary, Apple (Nasdaq: AAPL) investors might not hear anything about a new capital allocation program with the company's second-quarter report on April 23rd.

In a note issued earlier, Goldman Sachs said that, "it is more likely that Apple will make this announcement on a separate date, with a separate conference call." The firm sees an announcement coming shortly following the release.

No speculation was made today about sort of plan Apple might be considering. The company currently pays out about $2.65 per quarter for an annual yield of 2.5 percent at today's trading price.

Doubling the dividend to $21.20, or $5.30 per quarter, would make the yield juicier and cost Apple just $20 billion per year, far below the company's cash generation ability. Apple might also decide to pay out a one-time dividend around $25 per share and conduct a stock-split, which could boost buyer interest and lead to a rise in the stock price.

Or, Apple might do none of the above. Shares are off over 1 percent in early trading Wednesday.

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