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Borrowing for Dividends Raises Worries

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YEAH, THIS IS A GOOD IDEA
"Low interest rates and thawed credit markets are emboldening some companies to use bond-sale proceeds to fund dividends, stock buybacks and acquisitions," according to the Wall Street Journal.  According to Jeffrey Rosenberg, head of credit strategy at Bank of America Merrill Lynch, Borrowing from bondholders to pay shareholder dividends is "a hallmark of an earlier credit era."

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