If Apple had been overly aggressive, it risked a perception that its best growth days are behind it. When issuing a dividend, the goal is to find an efficient yield that opens the stock to maximum exposure while maintaining the benefits of balance sheet cash. Now that Apple has made its stock attractive to a wider base of institutional demand, it should propel the once-in-a-generation growth story to new heights. Kudos to Tim Cook. As the window of time between now and the April earnings report continues to shrink, it will be difficult to generate any sort of short-term negative momentum as income funds will be adding Apple exposure. The 2007 precedent continues to rule the day. At the time of publication, Schwarz was long Apple.