Buyback Plans Signal Drop in U.S. Repurchases: Chart of the Day
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Monsanto Co.’s announcement yesterday of a $10 billion stock-buyback program, its largest ever, belies a growing reluctance among U.S. companies to start or step up repurchases.
The CHART OF THE DAY illustrates the trend by showing the quarterly dollar amounts of all announced buybacks, as compiled by TrimTabs Investment Research Inc. and presented in a report three days ago. The chart also displays the total spending on repurchases by companies in the Standard & Poor’s 500 Index, provided by S&P Dow Jones Indices.