Buyback ETF Defies Logic
August 06, 2013 at 09:22 AM EDT
Many investors prefer dividends as a way of being compensated by corporate management, but cash-rich U.S. companies have not been shy about repurchasing their own shares. U.S. companies repurchased nearly $98 billion of their own shares in the first quarter. Moreover, at the current pace, buyback authorizations could reach $833 billion this