In all these cases it was not until the stock became cheap and management began to
return cash to shareholders in earnest that the stocks rebounded nicely.
At the same time, all 3 are focused on
returning cash to shareholders in the form of dividends.
Not exact matches
Apple said it will increase the program by
returning $ 200 billion
in cash to its
shareholder by the end of March 2017.
Wolters Kluwer's stock price has doubled since she took charge a decade ago, and the firm has
returned half of its
cash to shareholders in 2015
in the form of dividends and share buybacks.
Now share buybacks aren't necessarily a bad thing, and
in fact are Warren Buffett's preferred method for
returning cash to shareholders — as opposed
to dividends — because they give management more flexibility.
GM said it expects
to return about $ 7 billion
in cash to shareholders in 2017, bringing total
cash returns to about $ 25 billion since 2012.
«
In an environment like this
return cash to shareholders keeps them pleased with the short - term gains while not committing
to large investments that could hurt performance.»
In a note, analyst Michael Senno wrote that «as an owner of sports cable networks and teams, we believe that MSG is well positioned to capitalize on the increasing value of premium sports content, which should result in AOCF and free cash flow growth above its peers and, combined with incremental leverage, lead to solid shareholder returns.&raqu
In a note, analyst Michael Senno wrote that «as an owner of sports cable networks and teams, we believe that MSG is well positioned
to capitalize on the increasing value of premium sports content, which should result
in AOCF and free cash flow growth above its peers and, combined with incremental leverage, lead to solid shareholder returns.&raqu
in AOCF and free
cash flow growth above its peers and, combined with incremental leverage, lead
to solid
shareholder returns.»
Michael Ferro may want his
shareholders to have faith
in his vision of
returning Tribune Publishing
to some kind of halcyon time when newspapers ruled the media world and spun off millions
in cash flow with virtually no effort.
«We also continued
to invest
in our commercialization capabilities, while
returning significant
cash to our
shareholders — including a 16 percent dividend increase.
Apple shares turned lower
in the after - hours after earnings beat and the firm doubled the amount of
cash it will
return to shareholders.
Metro gets a percentage of sales from every location, so it generates a lot of free
cash flow, which it then
returns to shareholders in the form of 1.53 % yield and share buybacks.
We used this
cash to further reduce net debt and increase
returns to shareholders through higher dividends,» Chief Executive Andrew Mackenzie said
in a statement.
(Reuters)- Murphy Oil Corp (MUR.N) said it will spin off its smaller retail gasoline business
in the United States, review options for other assets, pay a special dividend and buy back shares as it seeks
to return more
cash to shareholders.
Transaction structure will result
in a strong and flexible balance sheet
to support future growth and
shareholder returns: The combination will significantly enhance and diversify MVW's
cash flows.
Assets such as excess
cash, discontinued operations, and unconsolidated subsidiaries are added
to our DCF value as they represent
cash that can be
returned to shareholders in the future.
The company, which has a longstanding policy of paying out 70 - 80 % of its
cash flow per share as dividends,
returns over $ 5 billion
to shareholders each year
in the form of dividends.
In March, Qualcomm Inc, under pressure from hedge fund Jana Partners, agreed
to boost its program
to purchase $ 10 billion of its shares over the next 12 months; the company already had an existing $ 7.8 billion buyback program and a commitment
to return three quarters of its free
cash flow
to shareholders.
Overall,
cash returned to shareholders is much lower today — even with the recent surge instigated by activist campaigns — than
in decades past when the economy enjoyed much more robust growth.
Over the last five years, Apple has
returned $ 233 billion
in cash to shareholders through buybacks and dividends.
We generate
cash flow that we deploy
to returning to shareholders as well as investing
in businesses, doing strategic acquisitions.
Cash and cash equivalents were $ 2 billion versus $ 2.7 billion a year ago, with the reduction largely driven by our commitment to return cash to shareholders and invest in strategic opportunit
Cash and
cash equivalents were $ 2 billion versus $ 2.7 billion a year ago, with the reduction largely driven by our commitment to return cash to shareholders and invest in strategic opportunit
cash equivalents were $ 2 billion versus $ 2.7 billion a year ago, with the reduction largely driven by our commitment
to return cash to shareholders and invest in strategic opportunit
cash to shareholders and invest
in strategic opportunities.
Let's further assume that the Nikkei companies
in the aggregate have a net
cash balance equal
to 30 % of market capitalization and decide
to return all the net
cash to shareholders as a special dividend, the implied P / E multiple for the Nikkei would drop from 8x
to 5x.
Exploration and production companies are likely
to update investors
in their first - quarter reports on budgets and
returning cash to shareholders, according
to Morgan Stanley.
The company maintains a fairly high payout ratio as it
returns much of its
cash flows
to shareholders in the form of dividends.
The global reflation trade is
in full swing, the
return of
cash flow
to shareholders is at a record pace and that is why,
in my opinion, the U.S. equity markets are set
to extend the current rally well into 2019.
In the long run companies must create enough cash flow to pay expenses, invest in the future (capital expenditures), service their debt (if any), and return money to shareholder
In the long run companies must create enough
cash flow
to pay expenses, invest
in the future (capital expenditures), service their debt (if any), and return money to shareholder
in the future (capital expenditures), service their debt (if any), and
return money
to shareholders.
U.S. companies have been more generous than ever
in returning excess
cash to shareholders via dividends.
When investors ignore these often - significant minority interests, like
in the case of KMI, they are not getting the full picture of a company's
cash available
to be
returned to shareholders.
In both cases, TI allocated about 160 % of its incoming
cash flows
to shareholder cash returns, dipping into its
cash reserves
to keep the payouts and buybacks rolling.
Through the team's relentless execution of our plan
in the first quarter, we grew revenue, expanded EBITDA margins, produced over 30 % growth
in earnings and free
cash flow per share and
returned essentially all of our free
cash flow
to shareholders.
Rio, which delivered almost $ 10 - billion of
cash returns to shareholders in 2017, could improve on that as
cash builds.
Stronger iPhone prices and hints by Apple Inc on Thursday that it could
return more than half of its $ 285 billion
in cash to shareholders eased concerns among investors, even as the world's biggest technology company gave a disappointing revenue outlook for the current quarter.
While some defend the buyback practice as a method of
returning cash to shareholders, others, including my colleague Larry Fink, have argued that some companies today are focusing on maximizing short - term
shareholder value at the expense of investing
in the future.
Since 2006, more than every dollar generated
in free
cash flow has been
returned to shareholders.
«We recognize activist investors often advocate for firms
to return excess
cash to shareholders via buybacks,» Goldman's chief strategist David J. Kostin and others said
in a note
to clients.
If these companies have capital
to allocate, and can't reinvest it attractively
in the business, make sensible acquisitions with it or pay down debt, they have
to either keep it around as
cash equivalents or
return it
to shareholders.
Back
in the mid-90's, ROIC - based models such as Economic Value Added (EVA) and
Cash Flow
Return On Investment (CFROI) were all the rage, with corporate giants such as Coca - Cola (KO), AT&T (T), and Procter & Gamble (PG) linking them
to executive compensation and highlighting them
in communications with
shareholders.
The finding appears
to extend
to the macroeconomic level as well —
shareholders in the larger economy got a much bigger bang for their buck when
cash was
returned to them as dividends than when it was deployed into capital expenditure.
To be explicit on this: when the earnings yield (the inverse of a P / E ratio) is higher than the return on cash, it is beneficial to shareholders in increasing EP
To be explicit on this: when the earnings yield (the inverse of a P / E ratio) is higher than the
return on
cash, it is beneficial
to shareholders in increasing EP
to shareholders in increasing EPS.
Qualcomm has no business being
in the venture capital business and should instead
return this
cash to shareholders.
But the interesting thing is that
in the eyes of many investors, Apple's quarterly iPhone sales numbers seem
to matter less now than they have for years — at least relative
to how much
cash Apple is generating and
returning to shareholders through dividends and stock buybacks.
«The Company will effectively become a well capitalised
cash shell with approximately # 18 million that can be utilised for new opportunities
in line with our proposed investing policy or
returned to shareholders.»
Return of Capital During the quarter, the company
returned over $ 28 million
in cash to its
shareholders, including $ 16.5 million through share repurchases and $ 11.5 million
in dividends.
During the quarter, the Company
returned $ 21.0 million
in cash to its
shareholders, including $ 11.0 million
in dividends and $ 10.0 million through share repurchases.
The management has wisely bought back shares of the stock at severely depressed levels, and doesn't seem
to get too carried away with regular buybacks, preferring
to return excess
cash to shareholders in the form of special dividends (much preferred
to buybacks).
In one similar situation, the company could have returned in excess of $ 10 / share in cash to shareholders had it been liquidated in 200
In one similar situation, the company could have
returned in excess of $ 10 / share in cash to shareholders had it been liquidated in 200
in excess of $ 10 / share
in cash to shareholders had it been liquidated in 200
in cash to shareholders had it been liquidated
in 200
in 2005.
As
cash returned to shareholders can be reinvested
in the common stock of a particular company, investors benefit from high - yield companies as a group.
Naturally,
shareholders would prefer
to reinvest a business's earnings into more ownership of a business rather than see the
cash sit
in the company's bank accounts for a paltry.5 % annual
return.
...
to exercise its fiduciary duty
to shareholders by winding up NTII
in order
to return cash to shareholders as quickly and efficiently as possible.