Against this, we have GBP 0.348 mio spent on
share repurchases since June.
[Only 60 K was spent on
share repurchases since my last post!].
Among the largest U.S. defense contractors, Northrop Grumman Corp has spent more than $ 12 billion on
share repurchases since 2010, even as revenue has declined in each of the past five years.
Not exact matches
Firms that completed
share repurchases between 2002 and 2006, however, have not generated any better returns
since that time than those who did not.
Since 2012, when the company launched the largest
share repurchase program ever, Apple has returned a little more than $ 100 billion to shareholders in stock buybacks and dividends.
In general, the number of companies participating in
share repurchases has increased
since the U.S. recession.
Maestri said that
since Apple has now completed $ 275 billion of its $ 300 billion capital return program, including $ 200 billion in
share repurchases, Apple will complete its original plan three quarters early, in June.
Among the 1,900 companies that have
repurchased their
shares since 2010, buybacks and dividends amounted to 113 percent of their capital spending, compared with 60 percent in 2000 and 38 percent in 1990.
Dividends and
share repurchases must be funded by domestic cash, and the Company has returned to shareholders or invested all of the domestic cash generated by its business and raised through the issuance of debt
since the beginning of the program.
Again, we expect to generate solid cash flow in fiscal 2013, which we've done consistently
since we became a public company in 1995 and to use this to pay our increased dividend and to
repurchase shares.
Since the inception of the program through March 31, 2018, Select Medical has
repurchased 35,924,128
shares at a cost of approximately $ 314.7 million, or $ 8.76 per
share, which includes transaction costs.
Except for a short interlude in 2008 - 09,
share repurchases have been very large
since the early 2000s.
The Wall Street Journal also recently cited data that S&P 500 companies are
repurchasing shares at a rate of roughly $ 125 billion a quarter this year, which is the lowest level
since 2012 and down from an average of $ 142 billion a quarter between 2014 and 2016.
The disadvantage is that
since the dividend growth rate already takes into account company growth and
share repurchases, the growth rate will be fairly high, so we'll have to use a fairly high discount rate, and so it's very sensitive to the inputs.
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Since 2010, DISCK has deployed $ 8 billion toward buybacks (~ 50 % of its current market cap)-- reducing diluted
shares outstanding by over 30 % — including $ 1.4 billion utilized in 2016 to
repurchase ~ 53 million
shares at an average cost of ~ $ 26 a
share.
Our preference for how that capital is returned is
repurchase of undervalued
shares since that adds more value than a taxable dividend would.
Since the launch of the program on October 20, 2013 through October 15, 2014, the company has
repurchased nearly 3.4 million
shares of the 3.5 million
shares originally authorized.
Companies executing
repurchases through Bank of America Corp. have bought about $ 9 billion of
shares in 2016, the second - busiest start to a year
since the bull market began in 2009, the bank said in a research note last week.
Through July 22, 2014, the company has
repurchased a total of nearly 2.5 million
shares of its common stock for a total of $ 134 million
since the launch of the program on October 20, 2013.
Through July 22, 2014, the company has
repurchased a total of nearly 2.5 million
shares for a total of $ 134 million
since the launch of the program in the fourth quarter of 2013.
Buybacks are regulated by the SEC rule 10b - 18, which
since 1982 has provided a «safe harbor» around how companies are allowed to
repurchase shares.
Since a company has a lot of material non-public information around their own stock, there are blackout periods when a company will not
repurchase its own
shares.
End of BuybacksS & P 500 companies will
repurchase $ 500 billion
shares this year, the lowest number
since 2012, according to a report in Barron's.
In addition, Apple has managed to pay out a regular, growing dividend while spending $ 173 billion
repurchasing its own
shares since initiating a capital - return program in 2012.
Since August 2009, Nestle has
repurchased 203,400,000 of its
shares for a total of SFr10b at an average purchase price per
share of SFr49.17.
A corporation can
repurchase issued
shares, which helps support or increase the
share price
since fewer
shares are available to meet demand.
Since every
share repurchased reduces the number of
shares outstanding, buybacks mean that all current shareholders hold a greater stake in the company after the buyback.
Aimia has
repurchased 12 % of its outstanding
shares since 2013.
The company completed its prior $ 100 million
share repurchase authorization during the quarter and purchased 650,000
shares under the new program for $ 14 million and another $ 6.9 million
since quarter end.
Managers holding incentive options also have an unusual incentive to substitute
share repurchases for a portion of the dividend payout,
since the direct effect of such a substitution is to increase the value of the managers» options..»
According to the 10Q, the company is authorized to
repurchase 172,196
shares under a stock
repurchase plan but this is an immaterial amount in the context of the 8.9 M
shares on issue and the plan has been in existence
since 2002.
Since the first calendar quarter of 2007, the company has
repurchased over 6.5 % of its
shares outstanding at highly advantageous prices.
Investing $ 55.3 million to
repurchase shares since early fiscal 2008.
Because management's compounding value here: Tetragon's return on equity was 9 % last year & it's averaged 12.4 % pa
since its 2007 IPO, it has a progressive dividend policy, it's launched serial tender offers, and overall it's returned a cumulative $ 1.2 billion (in dividends &
share repurchases) to shareholders (
since the IPO).
So while IMN has had more than enough cash to purchase
shares since that time, from 2009 on, IMN management decided to
repurchase just under $ 10MM of stock.