From Nasdaq: 2025-05-05 12:07:00

In 2024, companies in the S&P 500 tech sector spent $253 billion on share buybacks, the highest spending level by any sector. Three major tech companies announced buyback program increases totaling $85 billion, equivalent to the size of HCA Healthcare.

KLA, a semiconductor equipment industry leader, announced a $5 billion increase in share buyback authorization and a nearly 12% dividend boost. This substantial buyback capacity, equal to 6% of its market cap, aims to enhance earnings per share.

Dell Technologies increased its share repurchase authorization by $10 billion, a significant 15% of its $66 billion market cap. With an 18% dividend increase and a current yield of around 2.2%, Dell monitors buyback spending pace amid market conditions.

Alphabet, with a $70 billion share buyback program, spent $62 billion on buybacks in the last 12 months. This capacity, representing 3.5% of its $2 trillion market cap, aims to support earnings per share and is accompanied by a 5% dividend increase. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling 500 points. This was attributed to fears of a potential recession and uncertainty surrounding trade tensions between the US and China.

2. A new study found that over 70% of Americans are not saving enough for retirement, with the average household having only $5,000 saved. Experts are urging people to start saving more and to take advantage of employer-sponsored retirement plans.

3. The United Nations reported that the number of refugees worldwide has reached a record high of 26 million. This is due to ongoing conflicts and persecution in countries such as Syria, Afghanistan, and South Sudan. The UN is calling for more international support to address this crisis.



Read more at Nasdaq:: 3 Tech Leaders Announce Buybacks Totaling $85 Billion