Not exact matches
The tech
company has also returned an additional $ 151 billion to shareholders since its fiscal year 2013 in the form of
share buybacks — a move that has
reduced share count and boosted earnings per
share by about 21 % in the past four years, according to Silverblatt.
Never mind that because of aggressive stock buybacks that
reduced the
company's
share count, Microsoft's market cap is $ 460 billion, far below the old peak.
As of [Tuesday] night, 92
companies in the S&P have reported Q2 earnings; 20 have
reduced their
share count by at least 4 % year - over-year.
The
Company is
reducing these annual limits to 1,000,000
shares in the 2014 Plan (
counting the
shares for stock grants and restricted stock units on a 1 - for - 1 basis for this purpose).
By borrowing money at less than 4 % and repurchasing
shares that the
company pays 5 % on, it is increasing current cash flows while simultaneously
reducing share count.
Twelve of our
companies, just over 20 % of our holdings, used their cash flow to achieve all four goals: they increased the dividend,
reduced the
share count, made an acquisition and still ended the year with a stronger balance sheet.
I have a «cannibal» screen (Charlie Munger's term for buybacks) that looks for
companies that have been steadily and significantly
reducing their
share count over the last 10 years.
On the top side, and I did not see any of these, be aware of reverse splits, which can
reduce the
share count, are a sign of a badly run
company, but do nothing for the economics of a firm, aside from keeping them listed on a major exchange.
The
company has
reduced its
share count by about 10 % per year for the past three years while also raising its dividend by nearly 20 % per year.
That should give one pause before investing in the stock of a
company that subjects itself to a split aimed at
reducing the
share count and raising the stock price.
In the above scenario, if those 100,000
shares outstanding that initially traded at $ 10 per
share fell to $ 2 per
share, and the
company wanted to restore the price of the stock, it might issue a 1:5 reverse stock split in which the
share count of the business would be
reduced to 20,000
shares outstanding that trade at a price of $ 20 per
share.
The First Asset Canadian Buyback Index ETF (TSX: FBE) «provides investors with exposure to a portfolio of equity securities of quality
companies with active
share buyback programs that have significantly and consistently
reduced their issued and outstanding
share count.»
In doing so the
company managed to
reduce its
share count by almost 30 % between 2008 and 2010.
Dr. Singleton started buying up his
company's own
shares and from 1972 to 1984 he tendered eight times and
reduced his
share count by some 90 %.