Apple borrows on the cheap to fund buybacks, dividends
NEW YORK (Reuters) – Apple Inc (AAPL.O) on Monday capitalized on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends.
FILE PHOTO: FILE PHOTO – The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo
Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made…