At Apple's (NASDAQ:AAPL) annual shareholders meeting last week, CEO Tim Cook reiterated that its board will consider expanding its plan to return cash to shareholders. The current plan has authorized up to $60 billion in share repurchases by the end of fiscal 2015, as well as a dividend of $12.20 per share per year.

Will Apple boost its plan for returning cash to shareholders? In the video below, Fool contributor Daniel Sparks explains why he thinks Apple will boost its dividend by 15%, at a minimum. He suggests another 15% would be perfectly reasonable considering that Apple is only paying out a fraction of earnings while still raking in loads of cash. Further, Daniel explains why he thinks Apple is an excellent dividend stock for long-term investors.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.