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Debt-Financed Share Buybacks Dwindle to Lowest Level Since 2009
As tax cuts boosted profits and cash piles grew, companies looking to charge up their stock returns with buybacks are turning less to debt markets. At the end of last year, the proportion of repurchases funded by debt fell to 14 percent, the lowest level since 2009, data compiled by JPMorgan Chase & Co. showed. In Bank of America’s latest monthly survey of money managers, half of the respondents preferred corporations to use cash for debt reductions, the most in nine years.
https://finance.yahoo.com/news/debt-financed-share-buybacks-dwindle-100000917.html?.tsrc=rss
As tax cuts boosted profits and cash piles grew, companies looking to charge up their stock returns with buybacks are turning less to debt markets. At the end of last year, the proportion of repurchases funded by debt fell to 14 percent, the lowest level since 2009, data compiled by JPMorgan Chase & Co. showed. In Bank of America’s latest monthly survey of money managers, half of the respondents preferred corporations to use cash for debt reductions, the most in nine years.
https://finance.yahoo.com/news/debt-financed-share-buybacks-dwindle-100000917.html?.tsrc=rss
