QQQ - Q1 2024 Buyback And Dividend Increases Point To Improving Corporate Sentiment

2024-04-05 05:30:00 ET

Summary

• Share repurchases and dividend payouts are the two primary vehicles that companies use to return value to shareholders, and both saw meaningful increases in Q1.
• Buyback announcements for the first quarter of 2024 clocked in at 228, the highest level since Q4 2021 recorded 376 repurchase announcements.
• With the Q1 2024 earnings season set to begin on April 12, we’ll be getting a deeper read on the state of US corporations as well as updates on whether these gains in buybacks and dividends will continue in the second quarter of the year.

Last week we shared that CEO sentiment was at its highest level in a year . This week we look at further evidence that corporations are feeling more bullish on economic conditions in 2024 than they were in 2023. This time in the form of dividend and buyback announcements....

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