U.S. Share Buybacks and Dividends

U.S. Share Buybacks and Dividends Over the past 20 years, U.S. corporates have clearly favored buybacks over dividends, reflecting a shift towards prioritizing shareholder value through capital appreciation rather than regular income distributions. Image: BofA Global Research

Buybacks – Share of S&P 1500 Companies Paying a Dividend or Repurchasing Stock

Buybacks – Share of S&P 1500 Companies Paying a Dividend or Repurchasing Stock Over the years, the share of S&P 1500 companies engaging in share repurchases has surged. In 1995, only 3% participated, while in 2023, it reached 70%, greatly enhancing shareholder returns. Image: Goldman Sachs Global Investment Research

Dividend Yield

Dividend Yield Global ex-U.S. equities continue to offer higher dividend yields than U.S. equities. Image: Topdown Charts

Flows into All Dividend Funds

Flows into All Dividend Funds Strong flows into dividend funds this year. Image: Goldman Sachs Global Investment Research

S&P 500 Dividends per Share

S&P 500 Dividends per Share Goldman Sachs expects a 10-year compound annual growth rate of 7% for S&P 500 dividends. Image: Goldman Sachs Global Investment Research