"I do think they are going to do something fairly dramatic on capital allocation," Miller said on CNBC's " Squawk Box " on Friday. "I talked to them about this a few weeks ago. They are actively, as they said, 'soliciting input.'"
It's almost been one year since Apple announced its plan to distribute $45 billion during a three-year period on quarterly dividends and share repurchase program, and there's speculation that the iPhone maker may soon announce another dividend.
(Read More: Samsung Takes on Apple With New Galaxy S4 )
According to a report from AppleInsider, Topeka Capital analyst Brian White said earlier this week that he believes Apple is in a good position to deploy more cash.
(Read More: Why I Upgraded Apple Today: Analyst )
As Apple's cash pile has grown, the tech giant has come under increasing pressure from shareholders to find a way to distribute the money.
In late February, at Apple's annual shareholder meeting, CEO Tim Cook said the company is "seriously considering" returning cash to shareholders, but the company has not confirmed any specific plans.
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image: © CJ Sorg