One year ago, Apple announced it would spend $45 billion in dividends and stock buybacks. In this video, Fool technology analyst Andrew Tonner discusses why Apple shareholders should expect more payback from Apple's $137 billion cash reserves. Three different scenarios have been debated, and Andrew reviews these and Apple's overall financial health.

Andrew Tonner owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.