Excerpt from the Wall Street Journal quoting DataTrek Research:
…. “Stock buybacks are a sorely misunderstood punching bag. Uncommon before a rule change in 1982, they have exploded over the last couple of decades to overtake dividends as the most common way companies return money to shareholders. Companies in the S&P 500 paid out $178 billion via buybacks in the first quarter of this year. Analysts at DataTrek Research believe they could top $1 trillion in the next 12 months. In the last decade, Apple alone has bought back $442 billion of its shares and three other American companies have repurchased more than $100 billion apiece, according to S&P Global”….
Read the full article here on the WSJ.