Apple should update its dividend and share buyback plans in April, probably on the same day that it announces its March quarter results. UBS's Apple analyst, Steve Milunovich, published a note that reinforces what I have written that Apple's debt load combined with so much of its cash held overseas could limit how much it will increase its dividend and stock buyback. (Note that I have sold my Apple shares and closed my short Call position. This is a trading move so I may get back into the shares.)