Private Equity’s Dividend Spree Looks Like It’s Just Starting

(Bloomberg) -- It looks likely billionaires and private equity firms will keep loading up companies with debt to turn them into dividend-paying ATMs.

A surge in dividend recapitalizations -- or shareholders saddling corporations with debt to pay themselves cash -- is expected to continue into 2022 thanks to “extraordinary capacity” built into credit agreements, according to Moody’s Investors Service. READ MORE