Apple Files Registration For 7-Part Debt Offering

On Tuesday, Apple Inc.

began the process of issuing notes to fund the company's swelling buyback plan allotment along with the 8 percent increase to the dividend. The

and will mature as late as 2044. The Floating Rate Notes will mature in 2017 and 2019, and the Fixed Rate Notes will mature in 2017, 2019, 2021, 2024, and 2044. The proceeds will be used to repurchase common stock and pay dividends: "...including repurchases of our common stock and payment of dividends under our recently expanded program to return capital to shareholders. On April 23, 2014, we announced that we increased our existing share repurchase program authorization from $60 billion to $90 billion and raised our cash dividend by approximately 8% to $3.29 per share of common stock, beginning with the dividend to be paid during the third quarter of 2014." Chatter about the ability of the Apple to continue innovating has been circulating on the Street. Some view the 50-percent increase in the buyback allotment ($90 billion, up from $60 billion previously reported), the 7-for-1 stock split, and the incredible 8 percent dividend from Apple as a sign they are plumb out of ideas. Speculation for the 7-for-1 split has centered upon the thesis Apple is looking for inclusion into the price-weighted Dow 30 Index. Since announcing

and announcing a debt issuance to fund corporate actions, the stock has traded up from $528.71 on April 23rd to $594.09 currently.