S&P 500 Capital Allocation – Dividends, Buybacks and Capital Expenditures 2018 corporate tax cut boosted dividends and buybacks, but not capital expenditures. Image: Oxford Economics
Buybacks and Dividends as Percentage of Market Capitalization Amid gloomy earnings, U.S. companies are increasingly using debt to fund buybacks and dividends. Image: Institute of International Finance
Earnings, Dividends and Valuation Considering earnings growth slowing, dividends and valuation, the U.S. stock market should remain under pressure until Q4 earnings season. Image: Fidelity Investments
Dividend Yield of MSCI ACWI Stocks Currently, more than 1,100 global stocks are paying dividends above the average yield of global government bonds. Image: BofA Merrill Lynch
Dividends and Buybacks vs. Free Cash Flow Dividends and buybacks have exceeded free cash flow levels again, thanks to low interest rates. But companies cannot spend more than they earn forever. Image: Capital Group
S&P 500 – Buybacks, Dividends and Capital Expenditures 2018 corporate tax cut boosted dividends and buybacks, but not capex. Image: Deutsche Bank Global Research
Yield Spread (Baa Bonds – Utility Dividends) This interesting chart suggests that utilities are currently cheap. Image: Morgan Stanley Research
S&P 500 Forecast Dividend Yield Is Above The 10-Year Treasury Yield Dividends remained stable or increased, while the 10-year Treasury yield has declined. Image: Wells Fargo Investment Institute
Dividend Yield vs. Corporate Bond Yield This chart shows that dividend yields of European companies appear more attractive than corporate bond yields. Image: Goldman Sachs Global Investment Research
U.S. Corporate Profits, Capital Expenditures, Dividends and Buybacks What would happen if U.S. companies reinvested instead of buying their own shares and paying dividends? Image: Financial Times
