Stock buybacks in 2010 came roaring back, increasing 117% over 2009 buybacks. According to Standard & Poor's Howard Silverblatt,
"Approximately $299 billion was spent by S&P 500 companies on share repurchases last year which represents a whopping 117% increase over the $138 billion spent in 2009. At this point the practice is not as deep as it was in the heydays of 2006-2007, but companies are certainly back in the buyback business. While 2010 expenditures are still just half of what was seen in 2007, last year’s activity resulted in a record year-over-year percentage and dollar increase for stock buybacks."
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| From The Blog of HORAN Capital Advisors |
Below is a table highlighting companies that had significant buybacks last year.
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| From The Blog of HORAN Capital Advisors |
Source:
S&P 500 Stock Buybacks Up 117% in 2010;Share Repurchases
Increase for the 6th Quarter in a Row
Standard & Poor's
By: Howard Silverblatt
March 23, 2011
http://tinyurl.com/3wsopb7
Disclosure: Long MSFT, XOM
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