Applied Materials the largest chip-equipment maker in the world, announced Monday a 23.1% lift in its quarterly cash dividend, from 26 cents to 32 cents per share. The dividend is payable on June 15 t...
Tag: Share Buybacks/Redemptions
Companies Keep Buying Back Their Shares. These Stocks Are Worth a Look.
Politicians hate stock buybacks. Companies love them—and right now they show no signs of stopping. Yes, buying back stock might seem difficult for companies right now. President Biden, in his State of...
Altria May Sell Anheuser-Busch Stake After Juul Deal
A recent deal by Altria Group involving its stake in Juul Labs could pave the way for the sale of the cigarette maker’s $11 billion interest in Anheuser-Busch Inbev Altria (ticker: MO) last week swapp...
Apple and Meta Stock Buybacks Haven’t Been Equal. Here’s Why.
Investors love stock buybacks, but they don’t always spur the types of returns one might imagine. It takes a discerning eye to identify companies with buybacks that create significant gains for shareh...
Biden official responds to Buffett’s attack on opponents of stock buybacks
After Warren Buffett criticized opponents of stock buybacks over the weekend, a White House official offered a response Wednesday, suggesting the storied investor and President Joe Biden aren’t totall...
Buffett Shareholder Letter Was a Big Disappointment
Every year, investors await Warren Buffett’s annual shareholder letter with excitement, hoping for the insights and flare that make it a must-read. This year’s was a disappointment. Buffett took just...
Warren Buffett backs stock buybacks, which Joe Biden is trying to tax more
President Joe Biden devoted part of his State of the Union to decrying stock buybacks, a practice he often rails against. Oil and gas companies, he said, didn’t invest in production to keep gas prices...
Berkshire Hathaway Warren Buffett Appears to Swipe at President Joe Biden
Berkshire Hathaway CEO Warren Buffett’s annual letter, released on Saturday morning, included the usual homespun wisdom that his shareholders have come to expect, with modest and self-effacing reflect...
Norfolk Southern, worth $53B, creates $1M fund for train-derailment victims
Norfolk Southern Corp. is facing criticism about the amount of financial support it has given East Palestine, Ohio, in the wake of the train derailment that spewed toxic chemicals and forced residents...
Biden targets stock buybacks — do they help you as an investor?
There seem to be two camps when it comes to stock buybacks. On one hand, share buybacks can reduce a company’s share count, which increases profit per share and hopefully supports a rising stock price...
Shell Posts Annual Profit Record of $40 Billion and Launches $4 Billion Buyback
Shell the oil and gas giant, posted a record annual profit of $40 billion and announced a new $4 billion share buyback program Thursday, sending the stock higher. British energy giant Shell (ticker: S...
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those t...
Meta stock spikes nearly 20% as cost cuts and $40 billion for investors overshadow earnings miss
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new yea...
Altria Unveils $1 Billion Stock Buyback as Earnings Top Estimates
Marlboro maker Altria Group beat earnings and revenue estimates in the fourth quarter and announced a new $1 billion share buyback plan. The cigarettes company reported adjusted earnings per share (EP...
Exxon’s Q4 comes hot on the heels of Chevron’s giant profit, here’s what to expect
Exxon Mobil Corp. is slated to report earnings before the bell on Tuesday, hot on the heels of results showing a mixed quarter for Chevron Corp., and amid renewed scrutiny over oil giants’ share buyba...
Chevron’s Higher Dividend Yield Now Tops Exxon’s
Chevron raised its dividend, and announced a new round of buybacks valued at up to $75 billion late on Wednesday, sending shares 2.6% higher in after-hours trading. The energy giant boosted the quart...
Tesla Is Expanding Its Footprint in Nevada. The Stock Is Dropping.
Tesla had to cut prices recently to increase demand, but that isn’t stopping it from expanding its manufacturing capacity at its Gigafactory in Nevada. Investors should be pleased, although they might...
Alibaba a Target of GameStop’s Ryan Cohen. Why the Stock Market Shrugged.
Investor Ryan Cohen, who has found fame with activist campaigns at meme stocks such as GameStop and Bed Bath & Beyond is now targeting Chinese e-commerce giant Alibaba The billionaire co-founder...
Broadcom refuses to provide full-year outlook, cites limited visibility as it ‘scrubs’ backlog
Broadcom Inc. late Thursday gave Wall Street analysts quarterly earnings and an outlook that topped consensus estimates, hiked its dividend and recommitted to share buybacks, yet analysts kept asking ...
Second-Largest U.S. Pension Buys Up Rivian, Snowflake, Airbnb, and Noble Stock
America’s second-largest public pension by assets recently increased its investments in some of the market’s more volatile stocks. The California State Teachers’ Retirement System doubled its stakes i...
Berkshire Hathaway’s Earnings Are Saturday. Here’s What to Watch.
When Berkshire Hathaway reports its third-quarter earnings on Saturday, investors won’t be spending a lot of time looking at the bottom line. The conglomerate’s stock buybacks, equity purchases, and l...
Lockheed’s Stock Has Soared. One Director Scooped Up More Shares.
Lockheed Martin stock has trounced the market this year, and director John Donovan just bought some more shares of the aerospace and defense giant. Lockheed (ticker: LMT) stock sports a 36% year-to-da...
Apple’s Stock Buyback Pace Hits Record $25.2 Billion
Text size Apple has been astonishingly aggressive in buying back its own stock. Getty Images Almost five year ago, Apple Chief Financial Officer Luca Maestri said on an earnings conference call that t...
Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls
Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...
Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes
Grocery giant Kroger Co. is pausing share buybacks ahead of its planned acquisition of rival Albertsons Cos. Inc., aiming to use the additional cash to reduce its debt as it closes one of the biggest ...
‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks
The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its older debt to help stave off mark...
Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.
Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard. He wants them to buy back Tesla (...
5 Energy Companies That Could Lift Shareholder Payouts
Text size Shell has a dividend yield is 3.6% today and could raise it, says Cowen analyst Jason Gabelman. John Thys/AFP via Getty Images Several big energy companies could announce larger returns to s...
T-Mobile Stock Buyback Is Here. There’s More Where That Came From.
Text size T-Mobile management has said the company could direct some $60 billion toward share repurchases between 2023 and 2025. David Paul Morris/Bloomberg T-Mobile US announced a $14 billion share r...
Asana stock rallies more than 10% after beat-and-raise quarter
Asana Inc. shares rallied in the extended session Wednesday after the collaboration-software company raised its outlook for the year, following results that topped Wall Street expectations, and disclo...
Palo Alto Networks Stock Soars on Strong Earnings and Three-for-One Stock Split
Text size Palo Alto Networks has followed other high-profile tech companies in splitting its stock. David Paul Morris/Bloomberg Demonstrating the continued strong demand for cybersecurity software, Pa...
Why Biden’s 4% buyback tax could boost stock prices and dividends
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that w...