Demand for S&P 500 shares fell by 10%
2022.12.23 12:56
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Demand for S&P 500 shares fell by 10%
Budrigannews.com – S&P Dow Jones Indices reported in a press release on Friday that third-quarter buybacks were $210.8 billion, a 4 percent decrease from Q2’s $219.6 billion due to lower participation.
They reported that 319 companies reported buybacks of at least $5 million during the quarter, down from 331 in the second quarter but up from 309 in Q3 last year. In addition, buybacks were down 10% from $234.6 billion in Q3 2021.
In addition, there were 384 buybacks, up from 371 last year and unchanged from the second quarter. However, the top 20 companies continued to dominate buybacks, accounting for 49%.
More Wall Street digesting macrostatistical data
For the a year finished September 2022, 441 organizations did a few buybacks, up from 424 in the earlier year duration, with buybacks during the a year coming in at $981.6B, down from the record $1.005T posted for the June 2022 period, and up from the $742.2B invested in the September 2021 energy period.
Dividends for the S&P 500 fell 0.2% to $140.3B in the third quarter, down from the record $140.6B in the second quarter, but they increased 7.9% from $130B in the third quarter. In the third quarter of 2022, shareholders received a return of $351.2 billion, a decrease of 2.5% from the second quarter and 3.7% from the third quarter of 2021.
