Apple Inc. (NASDAQ: AAPL), the iconic technological behemoth and wildly successful iPad and iPhone maker, again refrained from announcing that the company will start paying dividends, despite a huge amount of cash on its balance sheet and clamor from some stockholders.

International Business Times spoke with three experts about Apple’s recalcitrance to pay out dividends.

Michael Yoshikami is chief executive and chairman of Destination Wealth Management in Walnut Creek, Calif.

Michael McGervey is president of McGervey Wealth Management in North Canton, Ohio.

Anna N. Danielova, Ph. D., is assistant professor of finance at the DeGroote School of Business in Hamilton, Ont.

IB TIMES: Is it unusual that Apple pays no dividends?

DANIELOVA: No, about 70 percent of firms or more do not pay dividends.
Among those are high-growth companies which choose not to pay dividends for the following reasons: they need to finance their growth and internally-generated earnings are cheaper, so all generated earnings are reinvested back; and their shares are presumably mostly held by investors who prefer capital gains over dividends.

Source: http://www.ibtimes.com/articles/305157/20120227/apple-dividends-tim-cook-china-google-microsoft.htm