RE: Educate me26 May 2025 10:07
This is complex, but in my experience buybacks have a positive impact on SP for Companies that pay a high dividend.
Using surplus cash, buying-back shares reduces the total dividend payout.
I am sure this is not the only reason that a Company chooses to buy back shares, but it is a factor.
Buy-backs are normally at a premium to the SP and this also lifts the SP.