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7 Companies With the Most Generous Stock Buybacks

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If there’s one thing investors have been able to count on during this long bull market, it’s companies repurchasing record amounts of their own stock. Recent volatility notwithstanding, big stock buybacks are a trend that’s expected to continue.

“For the second half of 2018, indications are strong for increased corporate expenditures in both buybacks and dividends, with annual records for both,” wrote Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices, in a report summing up buyback activity through the first half of the year. “Buybacks appear to be on a roll, supporting stock price via more purchases and increasing earnings per share through lower share counts.”


Lower corporate tax rates and companies repatriating cash held overseas are helping fuel an acceleration in share repurchase programs, which were already going strong. Indeed, over the past five years, companies in Standard & Poor’s 500-stock index bought back a stunning $2.82 trillion of their own stock, according to S&P Dow Jones Indices.

Although it takes more than share repurchases to support stock prices, they sure do help – and investors generally love them. When it comes to returning cash to shareholders through stock buybacks, these are the most generous companies over the past half-decade.

SEE ALSO: The Kiplinger Dividend 15: Our Favorite Dividend-Paying Stocks

Data is as of Nov. 7, 2018, unless otherwise noted. Dividend yields are calculated by annualizing the most recent quarterly payout and dividing by the share price. Buyback data is for the five years ended June 30, 2018, courtesy of S&P Dow Jones Indices.


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