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Buyback activity continues; earnings impact becoming widespread.(front page)(Brief article)
Standard & Poor's (S&P) announced that S&P 500 first quarter buyback activity has surged 22.1 percent over that of the first quarter of 2005, with the trailing 12-month increase at 55.2 percent. According to S&P, 500 constituents spent $100.2 billion on stock buybacks during the first quarter, placing it second all-time to the $104.3 billion set during the fourth quarter of 2005. Ninety-five issues registered share reductions of at least 4 percent over their first quarter 2005 reported share count, with 10g issues reducing their diluted shares (used for Earnings Per Share calculations) by at least 4 percent. Howard Silverblatt, Senior Index Analyst at S&P said, "The cumulative expenditure of $515 billion on buybacks over the past 6 quarters was the first major use of excess cash built-up by S&P 500 companies. Given the ...
- Record Buyback Activity Results in Reduced Share Count for Eight S&P 500...
- Press release article from: PR Newswire September 18, 2006 700+ words
...resulted in a reduced share count for 8 of the 10 S...resulted in a reduced share count in all but two S...We expect the strong buyback activity to continue as companies...reduce their overall share count (thereby increasing...
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- Press release article from: PR Newswire March 24, 2006 700+ words
...fourth quarter buyback activity has surged 57...their overall share count (thereby increasing...reduced their share count. "The impact of the share count reduction was...expects the strong buyback activity within the S...
- S&P 500 4th quarter buyback activity soars to $104 billion.(Headline: Standard...
- Magazine article from: Business Credit May 1, 2006 700+ words
...fourth quarter buyback activity has surged 57...their overall share count (thereby increasing...reduced their share count. "The impact of the share count reduction was...expects the strong buyback activity within the S...
- Standard & Poor's: S&P 500 Buyback Activity Continues; Earnings Impact Becoming...
- Press release article from: PR Newswire June 12, 2006 700+ words
...amp;P 500 first quarter buyback activity has surged 22.1% over...first quarter 2005 reported share count, with 108 issues reducing...spending on buybacks and share count reductions, over 20% of...to reduce their overall share count (thereby increasing current...
- S&P 500 1st Quarter Buyback Activity Sets Record at $118 Billion.
- Press release article from: PR Newswire June 8, 2007 700+ words
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- Burst of buyback activity expected to recede.
- News wire article from: Seattle Times (Seattle, WA) August 19, 2007 700+ words
...essentially flat for the past year and a half, the volume of buyback activity has continued to climb. In the second quarter of this year...buy back more than 66 million shares, reducing its total share count by nearly 9 percent. The most direct way buybacks can help...
- S&P 500 2nd Quarter Buyback Activity Sets Record at $158 Billion.
- Press release article from: PR Newswire September 6, 2007 700+ words
Buyback Activity Expected to Continue As Market Volatility...today that S&P 500 stock buyback activity significantly accelerated during...second quarter of 2006. "The record buyback activity was fueled by IBM's landmark...
- Buyers take an early holiday, but buyback activity keen.
- Newspaper article from: South China Morning Post January 31, 2006 700+ words
...16.59 each. The trades boosted his holding 6 per cent to 14.6 million shares. The stock closed at $17 on Friday. Buyback activity remained high last week, with eight firms recording 18 repurchases worth $72 million, based on trades from Monday to...
- Dividend Growth Continues to Slow; S&P Attributes Deceleration to Increased...
- Press release article from: PR Newswire October 3, 2007 700+ words
...Senior Index Analyst at Standard & Poor's. "Standard & Poor's believes that the explosion in corporate buyback activity is the primary contributor to the slower pace in dividend growth." Additionally, Standard & Poor's Dividend...
Source: HighBeam Research, Buyback activity continues; earnings impact becoming...