Tech star backs Apple to pay dividend for first time

Henderson's Stuart O'Gorman has said Apple may finally start paying dividends as the company evolves following the death of co-founder Steve Jobs.

Apple has famously never paid a dividend despite having built up cash reserves totalling $76bn but O'Gorman, manager of the £340m Henderson Global Technology fund, believes that cash pile will increasingly be the focus of shareholder attention following Jobs' passing. "Steve Jobs was an unbelievably brilliant manager. The only criticism, if you could dare to make one, was that he was a bit of a cash hoarder", O'Gorman said. "There is a very strong possibility that shareholder activists will now start to pressure Apple to start returning that cash to shareholders." At 9.8% of his po...