The following chart shows Medtronic's
share counts over the past 13 years.
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.
However, it's important to keep in mind that REITs, due to their unique tax structure, routinely issue shares to help fund operations and growth — WPC has more than doubled
their share count over this time frame, from approximately 39 million to 100 million (most of this exclusive to the period after 2012).
Not exact matches
I normally like to see
share count declining (because the dividend pool is spread
over fewer
shares), but flat is OK.
Over the last 9 years, JNJ has only reduced its
share count by -5.8 % an annualized rate of -0.67 %.
And by the way, from Q3 - 2003 to Q3 - 2014 GG's
share count rose from 183M to 814M, so although its
share price is up by «only» about 50 %, its market cap is up by about 580 %
over the period in question.
For perspective, the outstanding
share count is down by
over 35 %
over the last decade.
Sizable annual buybacks have helped their cause, with the outstanding
share count down by 27 %
over the last 10 years.
Add to that a
share repurchase program that has reduced
share count by
over 3 % in the last year, and suddenly Apple looks a lot more lucrative to conservative investors.
Declining
share counts generally help investors
over time.
HSBC offers a Dividend Reinvestment Plan (DRIP) and given the high yield on cost, my
share count will inrease nicely
over time.
This was exasperated recently when I was discussing the case of how most investors misunderstand how it can actually be good
over the long - run to change a company's capitalization structure to replace equity with debt by borrowing funds on a long - term, low - cost, fixed - rate basis to repurchase stock, lowering the total
count of outstanding
shares.
Trade Ready currently receives
over 16,000 readers per month, and the articles are also
shared through our social media community of 19,000 people and
counting across Facebook, LinkedIn and Twitter, as well as through our weekly newsletter mailing list of approximately 10,000 people.
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.
Management has a long track record of disciplined capital allocation, having reduced the
share count by nearly one - third
over the past decade, and it recently initiated a fairly generous dividend.
When I brought some out to
share with a few family members
over the holiday weekend, they lasted all of a few hours and elicited more mmmmm's and ahhhhhh's than I could
count.
Today I'm
over at Housing a Forest
sharing a free printable Ice Cream Math Game I created to help my kids work on basic math skills including number recognition and
counting.
One of the
counts reads: «That you, Dr. Muazu Babangida Aliyu, being the governor (also known as chief servant) of Niger State from 2007 to 2015; Umar Mohammed Nasko, being the former Commissioner for Environment / Chief of Staff to Dr. Muazu Babangida Aliyu, sometime between April 7, 2015 and December 7, 2015 in Minna within the jurisdiction of this honourable court while being entrusted with dominion
over money belonging to Niger State Government dishonestly converted to your own use the sum of N1, 090, 000,000, which formed part of the proceeds of the sale of 16 per cent
shares of Niger State in the North South Power Company Limited and thereby committed an offence punishable under Section 312 of the Penal Code.»
This year I've
shared over 100 posts with you guys (102 to be exact,
counting this one), I finally hit 100,000 views on the blog, I hit
over 1,000 Instagram followers, and most importantly I really feel like I've started building a little community here on the internet of people that I love interacting with and I love
sharing my life with!
It's crazy to think all of this started as a small crazy little dream of mine to
share my love of styling, and here we are at
over 2 years and
counting.
That way, you can be sure that you'll be sent profiles of singles
over 50 who
share the same priorities as you when it
counts the most.
That way, you can be sure that you'll be introduced to
over 40s singles who
share the same values as you when it
counts the most.
Established long time ago with
over 1 million of users (and
counting) is best way to find somebody who
shares same religion and passion.
The graph shows a
share -
count reduction of 18 %
over the past 10 years, almost 3 % in 2014 alone.
In the middle of the pack, Rogers, Canadian Oil Sands, and BCE all changed their
share counts by less than 0.1 %
over the last year.
On the other hand, Fortis swelled its
share count by a whopping 11.3 %
over the last 12 months.
The excess bottom - line growth can be explained via
share repurchases: Cisco reduced its outstanding
share count by approximately 19 %
over the last decade.
Over the years, Loews has reduced their
share count from around 1.3 billion (adjusted for splits) in 1971 to around 370 million today.
The holdings back in September decreased their total
share count by less than 1 % on average
over the preceding three years.
Meanwhile, the bottom - line growth
over this period was much better, thanks largely to a reduced outstanding
share count — down by almost 20 %
over the last decade.
Enbridge's outstanding
share count has grown by almost 30 %
over the last decade, which affects the company's profit growth on a per -
share basis.
For perspective, the outstanding
share count is down by
over 35 %
over the last decade.
Solid top - line growth, continued buybacks (the outstanding
share count will be impacted by the Fox deal), robust profitability (we're talking net margin that averaged 15.63 % annually
over the last five years), and the potential for additional scale gives the bottom line plenty of fuel for 2018 and on.
The 30 new
shares will add $ 56 to my Dividend Growth Portfolio's income
over the next 12 months, not
counting the probable 2 % increase in February.
Nike reduced its outstanding
share count by approximately 14 %
over the last decade.
If we took the $ 200 million annual earnings achieved
over the 2007 - 2010 period as normalized earnings, with today's
share count that would equate to about $ 2 per
share.
So, let's also factor in another placing to raise a year's worth of additional cash - burn — at the current
share price, and assuming a 35 % placing discount, that could dilute the
share count to well
over a billion
shares.
Cadus is cash flow positive and the
share count has not increased in
over five years.
Over the years 2005 - 2010, data regarding book equity, net income, market capitalization, market price,
share count, and total returns were gathered, and aggregated by geography (Country if non-US, state if US), sector, and year.
The
share count has been reduced by a total of 4.0 M
over that time.
The
share buyback program has technically been effective since the
share count has been reduced
over the last 5 years.
Declining
share counts generally help investors
over time.
HSBC offers a Dividend Reinvestment Plan (DRIP) and given the high yield on cost, my
share count will inrease nicely
over time.
Similar to the slowdown in dividend growth, the slowdown in
share count reduction suggests that the company is conserving cash in both programs (dividends and
share buybacks)
over the past couple of years.
[Note: In terms of dilution, Fastnet's
share count has exploded almost 2,500 %, from 8.0 to 205.9 mio
shares, in just
over 3 months!]
While on the subject, here's the way we like to think about the value of paying an advisor to construct an investment portfolio for the purpose of producing a sustainable retirement paycheck: Take the total amount of their fees, expenses, and commissions and divide that by the amount of income realized
over the past year (don't
count share sales as income, just dividends and capital gains distributions).
In addition, we believe that investors can
count on annualized earnings - per -
share growth of about 10 %
over full economic cycles.
It's a
shared moment, too, because Mysterium is nearly an entirely co-operative experience, unless you
count the obvious desire to prove your own smarts
over everyone else.
As much as Howardena Pindell's unstretched paintings and drawings — which were made between 1974 and 1980 —
share something with the Pattern and Decoration movement, or with monochromatic abstraction, color field painting, all -
over painting, fiber art, the
counting work of Roman Opalka, and the spot paintings of Larry Poons, what elevates them above all of these aesthetic and stylistic connections is her subtle infusion of a deep and palpable rage.
Over 35 million bike
share trips were taken in 2017, 25 % more than in 2016 The National Association of City Transportation Officials (NACTO), an association of 60 cities in North America, today released the second - ever nationwide
count of bike
share rides in the United States.