January 7, 2021

Kroger issues $500M in debt. Jim Russell spoke with Steve Watkins of the Cincinnati Business Courier about why the move is a timely one:

“Many companies are sensing the current period of low interest rates may not last much longer. It appears there is a strong likelihood that the global economy will normalize in 2021 and with that comes higher interest rates. Many companies are taking the necessary steps now to lock in what are, possibly, the lowest interest rates for a long time.”

“We expect to see a fairly sizable dividend increase next year.”

Jim Russell
Portfolio Manager
jrussell@bahl-gaynor.com

Read the full article HERE. (a subscription may be required).