Notes From All Over, Early Evening Edition; YUM Increases Its Dividend -- February 1, 2021

Peak oil: We live in very, very interesting times. 

On the one hand we have the Financial Times telling us "shale is dead." We have the new administration telling us that wind and solar energy will provide all the energy we need. Then we have Guyana-Suriname. Link here. Archived.

Peak bonds: Apple sells $14 billion of bonds as share buybacks seen rising. Link here. Archived. That amounts to about 100 million AAPL shares.

The company issued debt in six parts. The longest portion of the offering, a 40-year security, will yield 95 basis points above Treasuries, after initially discussing between 115 and 120 basis points, according to a person with knowledge of the matter, who asked not to be identified as the details are private.

Until 2020, Apple hadn’t borrowed in the U.S. investment-grade market more than once in a calendar year since 2017. But rock-bottom interest rates proved too tempting for the world’s most valuable company to pass up as it pursues aggressive share buybacks and dividends.

Apple’s outstanding 40-year bonds, the 2.55% securities due 2060, widened more than 5 basis points Monday to trade around 89 basis points over Treasuries.

Bondholders typically sell out of their positions to make room for the new notes, which often come with a heftier yield to entice investors.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Yum: YUM increased its quarterly dividend from 47 cents to 50 cents; record date, 2/12/20 and pay date, 3/12/20. Covid-19 pandemic? Long live the pandemic:

Yum! operates the brands KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and WingStreet worldwide, except in China, where the brands are operated by a separate company, Yum China.

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The Movie Page Quiz

Can you name the worst "B" movie ever with this superb cast (hint: the answer is in the question):

• Michael Caine -- yes, Michael Caine!Katharine Ross!
• Richard Widmark! -- stars as a major general in the USAF
  
• Richard Chamberlain -- yes, that Richard Chamberlain
• Olivia de Havilland -- are you kidding me!
  
• Ben Johnson -- one of the most famous Western stuntmen ever
• Lee Grant -- yes, that Lee Grant
• José Ferrer
• Patty Duke!!!! are you kidding me
• Slim Pickens -- yes, even Slim Pickens
• Fred MacMurray-- of My Three Sons and so much more
• Henry Fonda