- S&P 500 Q4 2023 buybacks were $219.1 billion, up 18.0% from Q3 2023's
$185.6 billion and up 3.7% from Q4
2022's $211.2 billion
- The 2023 expenditure of $795.2
billion was down 13.8% from the 2022 expenditure of
$922.7
- Consumer Discretionary and Consumer Staples significantly
increased their spending for the quarter, 52.7% and 80.3%
respectively, as their 2023 expenditures declined, 11.4% and 34.3%;
Information Technology increased 15.9% for the quarter and was down
24.5% for the year, as Energy ticked down 1.1% for the quarter and
increased 9.5% for the year
- The 2023 net buyback 1% tax reduced Q4 2023 operating
earnings by 0.44% (0.40% for 2023) and As Reported GAAP by 0.50%
(0.45%)
NEW
YORK, March 18, 2024 /PRNewswire/ -- S&P Dow
Jones Indices (S&P DJI) today announced the preliminary S&P
500® stock buybacks or share repurchases data for Q4
2023 and year-end 2023.
Historical data on S&P 500 buybacks is available at
www.spdji.com/indices/equity/sp-500.
Key Takeaways:
- Q4 2023 share repurchases were $219.1
billion, up 18.0% from Q3 2023's $185.6 billion expenditure, and up 3.7% from Q4
2022's $211.1 billion.
- For 2023, buybacks were $795.1
billion, down from $922.7
billion for 2022; the 12-month peak was in June 2022 with $1.005
trillion.
- 313 companies reported buybacks of at least
$5 million for the quarter, up
from 281 in Q3 2023 and down from 318 in Q4 2022; 373 companies did
some buybacks for the quarter, up from 362 in Q3 2023 and down from
385 in Q4 2022; 429 companies did some buybacks in 2023, down from
439 in 2022.
- Buybacks remained top heavy with the top 20 S&P 500
companies accounting for 54.1% of Q4 2023 buybacks, up
from Q3 2023's 50.9%, above the historical average of 47.4%, and
above the pre-COVID historical average of 44.5%.
- 12.3% of companies reduced share counts used for earnings
per share (EPS) by at least 4% year-over-year, down from Q3
2023's 13.8% and down from Q4 2022's 19.4%; for Q4 2023 145 issues
increased their shares used for EPS over Q3 2023 and 295 reduced
them.
- S&P 500 Q4 2023 dividends increased 0.7% to a record
$154.1 billion from the
prior Q3 2023's $144.2 billion and
were 5.5% greater than the $146.1
billion in Q4 2022. For 2023, dividends set a record
$588.2 billion payment, up 4.2% on an
aggregate basis from 2022's $564.6
billion.
- Total shareholders return of buybacks and dividends
increased to $373.2 billion in Q4
2023, up 13.2% from Q3 2023's $329.8 billion and up 4.5% from Q4 2022's
$357.3 billion. Total shareholder
returns for 2023 decreased to $1.383
trillion from 2022's $1.487
trillion.
- The 1% tax on net buybacks, which started in 2023,
reduced the Q4 2023 S&P 500 operating earnings by 0.44% and As
Reported GAAP earnings by 0.50% and for 2023 they reduced earnings
0.40% for operating and 0.45% for As Reported; the proforma for
full year 2022 was a 0.51% reduction for operating and a 0.58%
reduction for as reported.
"The share count impact on EPS decreased for the fifth
consecutive quarter, even as companies increased their overall
buyback expenditure by 18% to counter the impact of both share
issuance and employee options being exercised. While buybacks
supported share price, only 12.3% of the issues saw a significant
increase (of at least 4%) in their EPS due to share count
reduction, compared to 19.4% in Q4 2022. More issues did buybacks
and spent more, but the higher cost of shares reduced the number of
shares they received and reduced the impact on
share-count-reduction. Companies with strong cashflows continued to
aggressively do buybacks, as the top 20 issues accounted for over
54.1% of the buybacks in Q4 2023," said Howard Silverblatt, Senior Index Analyst at
S&P Dow Jones Indices.
"Given the market's expectations for interest rates to decline
later in the year, even as higher-for-longer interest rates
continue, companies may be shy of financing buybacks going forward,
as discretionary buybacks, which reduce share count, may need to be
financed from ongoing operations. Top-tier cash-flow issues however
are seen as continuing their buybacks and positively impacting
their EPS."
1% Buyback Excise Tax for 2023:
The 1% excise tax on net buybacks reduced Q4 2023 operating
earnings by 0.44%, up from Q3 2023's 0.39% and down from the
proforma 0.46% for Q4 2022, as the 2023 impact was 0.40%, down from
the proforma 2022 of 0.51%. The tax on As Reported GAAP earnings
increased to 0.50%, up from the Q3 2023 0.42% and was down from the
proforma Q4 2022 0.58%, as 2023 was 0.45%, down from the proforma
2022 rate of 0.58%.
Silverblatt added: "The 1% tax remains an expense but has not
impacted overall buybacks at this point. However, given the initial
1% buyback tax had bipartisan support and remains an attractive
cash generator for the government, there is an expectation that
some increase or potential change to the type of buybacks that are
taxed will remain on the table for the current budget process.
Given the current corporate sensitivity to costs, a buyback tax
rate of 2%-to-2.5% was seen as impacting both buybacks and the EPS
impact of share-count-reduction (which is already in decline due to
high prices), as some of the expenditures may shift from buybacks
to dividends. However, any shift would not be on
a-dollar-for-dollar basis as dividends remain a long-term pure
cash-flow item which must be incorporated into corporate
budgets."
Q4 2023 GICS® Sector Analysis:
Information Technology maintained its lead in buybacks.
For Q4 2023, the sector increased their expenditure 15.9% to
$56.3 billion, representing 25.7% of
all S&P 500 buybacks. This compared to the $48.6 billion spent in Q3 2023, which represented
26.2% of all buybacks. For 2023, the sector spent $197.9 billion, down 24.5% from 2022's
$262.0 billion.
Financials ticked up 0.4% for Q4 2023 as they spent
$29.4 billion on buybacks, accounting
for 13.4% of all S&P 500 buybacks. This was up compared to the
Q3 2023 expenditure of $29.3 billion
and up from Q4 2022's $22.5 billion.
For 2023, Financials spent $138.4
billion, up from $121.4
billion for 2022.
Energy slightly decreased their buybacks for the fifth
consecutive quarter after significantly increasing them in the
prior periods. For Q4 2023, Energy expenditures declined 1.1% to
$16.1 billion, representing 7.3% of
the buybacks compared to the prior quarter's $16.2 billion, and were 19.0% lower than Q4
2022's $19.8 billion. For 2023,
Energy spent $69.8 billion on
buybacks, up 9.5% from the prior period's $63.8 billion, but up significantly compared to
2021's $12.7 billion expenditure.
Industrials increased 89.8% for the quarter, spending
$27.1 billion in Q4 2023. This
represented 12.4% of all buybacks compared to $14.3 billion in Q3 2023 and $22.4 billion in Q4 2022. For 2023, the sector
spent $68.2 billion, down 16.9% from
2022's $82.1 billion.
Issues:
The five issues with the highest total buybacks for Q4 2023
were:
- Apple (AAPL): continued to dominate the issue level
buybacks, as it again spent the most of any issue with its Q4 2023
expenditure ranking as the 9th highest in S&P 500
history. For the quarter, the company spent $22.7 billion, up from Q3 2023's $21.3 billion (the 13th largest in
index history). Apple holds 18 of the top 20 record quarters (Meta
Platforms holds #13 and QUALCOMM holds #15). For 2023, Apple spent
$83.9 billion on buybacks, down from
2022's $94.1 billion. Over the
five-year period Apple has spent $429
billion, and $658 billion over
the ten-year period.
- Alphabet (GOOG/L): $16.2
billion for Q4 2023, up from the $15.8 billion in Q3 2023; the 2023 expenditure
was $61.5 billion versus 2022's
expenditure of $59.3 billion.
- RTX Corporation (RTX): $10.3
billion for Q4 2023, up from $1.4
billion in Q3 2023; the 2023 expenditure was $12.9 billion versus 2022's $2.8 billion.
- General Motors (GM): $10.0
billion for Q4 2023, up from $0.3
billion in Q3 2023; the 2023 expenditure was $11.1 billion versus 2022's $2.5 billion.
- Broadcom (AVGO): $8.3 billion for Q4 2023, up from
$0.6 billion in Q3 2023; the 2023
expenditure was $14.5 billion versus
2022's $6.9 billion.
For more information about S&P Dow Jones Indices, please
visit https://www.spglobal.com/spdji/en/.
S&P Dow Jones
Indices
|
|
|
S&P 500 proforma
net buyback tax impact
|
|
|
TAX
|
TAX %
OF
|
TAX %
OF
|
|
$
BILLIONS
|
OPERATING
|
AS
REPORTED
|
Q4 2023
|
$2.02
|
0.44 %
|
0.50 %
|
Q3 2023
|
$1.70
|
0.39 %
|
0.42 %
|
Q2 2023
|
$1.55
|
0.34 %
|
0.38 %
|
Q1 2023
|
$1.98
|
0.45 %
|
0.49 %
|
2023
|
$7.47
|
0.40 %
|
0.45 %
|
2022
proforma
|
$8.47
|
0.51 %
|
0.58 %
|
2021
proforma
|
$7.93
|
0.45 %
|
0.47 %
|
S&P Dow Jones
Indices
|
|
|
|
|
|
|
|
S&P 500, $ U.S.
BILLIONS
|
|
(preliminary in
bold)
|
|
|
|
|
|
PERIOD
|
MARKET
|
OPERATING
|
AS
REPORTED
|
|
|
|
|
DIVIDEND
&
|
|
VALUE
|
EARNINGS
|
EARNINGS
|
DIVIDENDS
|
BUYBACKS
|
DIVIDEND
|
BUYBACK
|
BUYBACK
|
|
$
BILLIONS
|
$
BILLIONS
|
$
BILLIONS
|
$
BILLIONS
|
$
BILLIONS
|
YIELD
|
YIELD
|
YIELD
|
2023
Prelim.
|
$40,039
|
$1,789.88
|
$1,615.60
|
$588.23
|
$795.16
|
1.47 %
|
1.99 %
|
3.46 %
|
2022
|
$32,133
|
$1,656.66
|
$1,453.43
|
$564.57
|
$922.68
|
1.76 %
|
2.87 %
|
4.63 %
|
2021
|
$40,356
|
$1,762.75
|
$1,675.22
|
$511.23
|
$881.72
|
1.27 %
|
2.18 %
|
3.45 %
|
2020
|
$31,659
|
$1,019.04
|
$784.21
|
$483.18
|
$519.76
|
1.53 %
|
1.64 %
|
3.17 %
|
2019
|
$26,760
|
$1,304.76
|
$1,158.22
|
$485.48
|
$728.74
|
1.81 %
|
2.72 %
|
4.54 %
|
2018
|
$21,027
|
$1,281.66
|
$1,119.43
|
$456.31
|
$806.41
|
2.17 %
|
3.84 %
|
6.01 %
|
|
|
|
|
|
|
|
|
|
12/31/2023
Prelim.
|
$40,039
|
$454.96
|
$406.02
|
$154.10
|
$219.09
|
1.47 %
|
1.99 %
|
3.46 %
|
9/30/2023
|
$35,938
|
$437.90
|
$399.35
|
$144.18
|
$185.62
|
1.61 %
|
2.19 %
|
3.81 %
|
6/30/2023
|
$37,162
|
$457.93
|
$405.66
|
$143.20
|
$174.92
|
1.55 %
|
2.19 %
|
3.74 %
|
3/31/2023
|
$34,342
|
$439.08
|
$404.57
|
$146.76
|
$215.53
|
1.67 %
|
2.50 %
|
4.17 %
|
12/31/2022
|
$32,133
|
$421.55
|
$331.50
|
$146.07
|
$211.19
|
1.76 %
|
2.87 %
|
4.63 %
|
9/30/2022
|
$30,119
|
$422.94
|
$373.04
|
$140.34
|
$210.84
|
1.83 %
|
3.26 %
|
5.09 %
|
6/30/2022
|
$31,903
|
$395.02
|
$360.21
|
$140.56
|
$219.64
|
1.70 %
|
3.15 %
|
4.85 %
|
3/31/2022
|
$38,288
|
$417.16
|
$388.68
|
$137.60
|
$281.01
|
1.37 %
|
2.57 %
|
3.94 %
|
12/31/2021
|
$40,356
|
$480.35
|
$456.72
|
$133.90
|
$270.10
|
1.27 %
|
2.18 %
|
3.45 %
|
9/30/2021
|
$36,538
|
$441.26
|
$420.64
|
$130.04
|
$234.64
|
1.37 %
|
2.03 %
|
3.40 %
|
6/30/2021
|
$36,325
|
$439.95
|
$409.02
|
$123.38
|
$198.84
|
1.33 %
|
1.68 %
|
3.01 %
|
3/31/2021
|
$33,619
|
$401.19
|
$388.84
|
$123.91
|
$178.13
|
1.43 %
|
1.48 %
|
2.91 %
|
12/31/2020
|
$31,659
|
$321.81
|
$265.00
|
$121.62
|
$130.59
|
1.53 %
|
1.64 %
|
3.17 %
|
9/30/2020
|
$27,868
|
$314.06
|
$273.29
|
$115.54
|
$101.79
|
1.75 %
|
2.05 %
|
3.80 %
|
6/30/2020
|
$25,637
|
$221.53
|
$147.44
|
$119.04
|
$88.66
|
1.93 %
|
2.52 %
|
4.45 %
|
3/31/2020
|
$21,424
|
$161.64
|
$98.48
|
$126.98
|
$198.72
|
2.31 %
|
3.37 %
|
5.68 %
|
12/31/2019
|
$26,760
|
$324.52
|
$294.29
|
$126.35
|
$181.58
|
1.81 %
|
2.72 %
|
4.54 %
|
S&P Dow Jones
Indices
|
|
|
|
|
|
|
|
S&P 500 SECTOR
BUYBACKS
|
|
|
|
|
|
|
|
SECTOR $
MILLIONS
|
Q4,'23
|
Q3,'23
|
Q4,'22
|
12MoDec,'23
|
12MoDec,'22
|
5-YEARS
|
10-YEARS
|
Consumer
Discretionary
|
$28,716
|
$18,809
|
$18,819
|
$83,490
|
$94,238
|
$362,272
|
$795,830
|
Consumer
Staples
|
$9,042
|
$5,014
|
$7,033
|
$24,604
|
$37,429
|
$155,310
|
$370,268
|
Energy
|
$16,060
|
$16,233
|
$19,833
|
$69,850
|
$63,782
|
$169,393
|
$274,497
|
Financials
|
$29,418
|
$29,303
|
$22,497
|
$138,354
|
$121,431
|
$709,761
|
$1,258,599
|
Healthcare
|
$13,188
|
$14,960
|
$24,394
|
$64,750
|
$102,881
|
$381,734
|
$773,384
|
Industrials
|
$27,112
|
$14,286
|
$22,403
|
$68,222
|
$82,095
|
$306,613
|
$661,409
|
Information
Technology
|
$56,283
|
$48,554
|
$57,654
|
$197,893
|
$261,960
|
$1,146,595
|
$1,968,457
|
Materials
|
$2,963
|
$5,278
|
$6,548
|
$15,168
|
$28,386
|
$90,561
|
$162,904
|
Real
Estate
|
$243
|
$853
|
$728
|
$1,693
|
$3,779
|
$11,750
|
$20,121
|
Communication
Services
|
$34,715
|
$32,020
|
$31,155
|
$127,903
|
$124,963
|
$500,087
|
$529,828
|
Utilities
|
$1,353
|
$306
|
$126
|
$3,237
|
$1,737
|
$13,985
|
$20,385
|
TOTAL
|
$219,091
|
$185,615
|
$211,189
|
$795,163
|
$922,680
|
$3,848,061
|
$6,835,682
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECTOR BUYBACK
MAKEUP %
|
Q4,'23
|
Q3,'23
|
Q4,'22
|
12MoDec,'23
|
12MoDec,'22
|
5-YEARS
|
10-YEARS
|
Consumer
Discretionary
|
13.11 %
|
10.13 %
|
8.91 %
|
10.50 %
|
10.21 %
|
9.41 %
|
11.64 %
|
Consumer
Staples
|
4.13 %
|
2.70 %
|
3.33 %
|
3.09 %
|
4.06 %
|
4.04 %
|
5.42 %
|
Energy
|
7.33 %
|
8.75 %
|
9.39 %
|
8.78 %
|
6.91 %
|
4.40 %
|
4.02 %
|
Financials
|
13.43 %
|
15.79 %
|
10.65 %
|
17.40 %
|
13.16 %
|
18.44 %
|
18.41 %
|
Healthcare
|
6.02 %
|
8.06 %
|
11.55 %
|
8.14 %
|
11.15 %
|
9.92 %
|
11.31 %
|
Industrials
|
12.37 %
|
7.70 %
|
10.61 %
|
8.58 %
|
8.90 %
|
7.97 %
|
9.68 %
|
Information
Technology
|
25.69 %
|
26.16 %
|
27.30 %
|
24.89 %
|
28.39 %
|
29.80 %
|
28.80 %
|
Materials
|
1.35 %
|
2.84 %
|
3.10 %
|
1.91 %
|
3.08 %
|
2.35 %
|
2.38 %
|
Real
Estate
|
0.11 %
|
0.46 %
|
0.34 %
|
0.21 %
|
0.41 %
|
0.31 %
|
0.29 %
|
Communication
Services
|
15.85 %
|
17.25 %
|
14.75 %
|
16.09 %
|
13.54 %
|
13.00 %
|
7.75 %
|
Utilities
|
0.62 %
|
0.16 %
|
0.06 %
|
0.41 %
|
0.19 %
|
0.36 %
|
0.30 %
|
TOTAL
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
S&P Dow Jones
Indices
|
|
|
|
|
|
|
|
|
|
|
S&P 500 20
LARGEST Q4 2023 BUYBACKS, $ MILLIONS
|
|
|
|
|
|
|
|
|
Company
|
Ticker
|
Sector
|
Q4
2023
|
Q3
2023
|
Q4
2022
|
12-Months
|
12-Months
|
5-Year
|
10-Year
|
Indicated
|
|
|
|
Buybacks
|
Buybacks
|
Buybacks
|
Dec,'23
|
Dec,'22
|
Buybacks
|
Buybacks
|
Dividend
|
|
|
|
$
Million
|
$
Million
|
$
Million
|
$
Million
|
$
Million
|
$
Million
|
$
Million
|
$
Million
|
Apple
|
AAPL
|
Information
Technology
|
$22,730
|
$21,315
|
$21,791
|
$83,920
|
$94,050
|
$429,455
|
$658,416
|
$14,035
|
Alphabet
|
GOOGL
|
Communication
Services
|
$16,191
|
$15,787
|
$15,407
|
$61,504
|
$59,296
|
$220,619
|
$240,013
|
$0
|
RTX
|
RTX
|
Industrials
|
$10,283
|
$1,429
|
$408
|
$12,870
|
$2,803
|
$18,162
|
$32,934
|
$3,393
|
General
Motors
|
GM
|
Consumer
Discretionary
|
$9,996
|
$250
|
$1,000
|
$11,115
|
$2,500
|
$13,615
|
$27,594
|
$657
|
Broadcom
|
AVGO
|
Information
Technology
|
$8,290
|
$577
|
$1,521
|
$14,454
|
$6,877
|
$29,388
|
$40,215
|
$9,218
|
Meta
Platforms
|
META
|
Communication
Services
|
$8,165
|
$5,657
|
$7,520
|
$26,786
|
$31,551
|
$124,764
|
$146,152
|
$4,439
|
Exxon
Mobil
|
XOM
|
Energy
|
$4,656
|
$4,412
|
$4,675
|
$17,748
|
$15,155
|
$34,057
|
$53,630
|
$15,222
|
Microsoft
|
MSFT
|
Information
Technology
|
$4,000
|
$4,831
|
$5,459
|
$20,044
|
$28,611
|
$123,511
|
$189,604
|
$22,297
|
Visa
|
V
|
Financials
|
$3,752
|
$3,756
|
$3,227
|
$12,756
|
$10,719
|
$51,010
|
$81,060
|
$3,316
|
Comcast
|
CMCSA
|
Communication
Services
|
$3,521
|
$3,543
|
$3,515
|
$11,291
|
$13,328
|
$30,329
|
$57,437
|
$4,979
|
NVIDIA
|
NVDA
|
Information
Technology
|
$3,500
|
$4,570
|
$1,557
|
$12,316
|
$11,514
|
$27,227
|
$33,675
|
$395
|
Chevron
|
CVX
|
Energy
|
$3,397
|
$3,334
|
$3,417
|
$14,678
|
$8,803
|
$28,607
|
$34,631
|
$11,447
|
Lockheed
Martin
|
LMT
|
Industrials
|
$3,000
|
$1,750
|
$4,206
|
$6,000
|
$7,900
|
$20,202
|
$28,532
|
$2,782
|
Caterpillar
I
|
CAT
|
Industrials
|
$2,790
|
$380
|
$921
|
$4,999
|
$4,232
|
$17,077
|
$27,139
|
$2,653
|
Marathon
Petroleum
|
MPC
|
Energy
|
$2,505
|
$2,819
|
$0
|
$11,572
|
$6,754
|
$23,930
|
$32,882
|
$1,253
|
Netflix
|
NFLX
|
Communication
Services
|
$2,500
|
$2,500
|
$0
|
$6,045
|
$0
|
$6,870
|
$6,870
|
$0
|
Booking
Holdings
|
BKNG
|
Consumer
Discretionary
|
$2,488
|
$2,640
|
$2,343
|
$10,377
|
$6,621
|
$26,651
|
$39,301
|
$1,221
|
Wells Fargo
|
WFC
|
Financials
|
$2,350
|
$1,480
|
$6
|
$11,851
|
$6,033
|
$61,434
|
$119,420
|
$5,084
|
JPMorgan
|
JPM
|
Financials
|
$2,275
|
$2,382
|
$0
|
$9,824
|
$3,162
|
$61,912
|
$116,763
|
$12,142
|
T-Mobile US
|
TMUS
|
Communication
Services
|
$2,213
|
$2,691
|
$2,461
|
$13,371
|
$3,243
|
$37,061
|
$39,221
|
$1,323
|
Top
20
|
|
|
$118,602
|
$86,103
|
$79,434
|
$373,521
|
$323,152
|
$1,385,881
|
$2,005,489
|
$115,856
|
S&P
500
|
|
|
$219,091
|
$185,615
|
$211,189
|
$795,163
|
$922,680
|
$3,848,061
|
$6,835,682
|
$607,554
|
Top 20 % of S&P
500
|
|
|
54.13 %
|
46.39 %
|
37.61 %
|
46.97 %
|
35.02 %
|
36.02 %
|
29.34 %
|
19.07 %
|
Gross
values are not adjusted for float
|
|
|
|
|
|
|
|
|
S&P Dow Jones
Indices
|
|
|
|
|
S&P 500 Q4 2023
Buyback Report
|
|
|
|
|
|
|
|
|
SECTOR
|
DIVIDEND
|
BUYBACK
|
COMBINED
|
|
|
YIELD
|
YIELD
|
YIELD
|
|
Consumer
Discretionary
|
0.80 %
|
1.92 %
|
2.71 %
|
|
Consumer
Staples
|
2.60 %
|
0.95 %
|
3.56 %
|
|
Energy
|
3.31 %
|
4.31 %
|
7.62 %
|
|
Financials
|
1.68 %
|
2.48 %
|
4.17 %
|
|
HealthCare
|
1.62 %
|
1.19 %
|
2.81 %
|
|
Industrials
|
1.47 %
|
1.85 %
|
3.31 %
|
|
Information
Technology
|
0.71 %
|
1.51 %
|
2.22 %
|
|
Materials
|
1.84 %
|
1.49 %
|
3.33 %
|
|
Real
Estate
|
3.51 %
|
0.17 %
|
3.68 %
|
|
Communications
Services
|
1.06 %
|
4.09 %
|
5.15 %
|
|
Utilities
|
3.63 %
|
0.35 %
|
3.98 %
|
|
S&P
500
|
1.43 %
|
1.87 %
|
3.30 %
|
|
Uses full
values (unadjusted for float)
|
|
|
|
Dividends
based on indicated; buybacks based on the last 12-months ending
Q4,'23
|
Share Count
Changes
|
|
|
(Y/Y diluted shares
used for EPS)
|
>=4%
|
<=-4%
|
Q4
2024
|
3.85 %
|
12.35 %
|
Q3
2023
|
4.60 %
|
13.80 %
|
Q2
2023
|
4.22 %
|
16.27 %
|
Q1
2023
|
4.02 %
|
18.47 %
|
Q4
2022
|
5.01 %
|
19.44 %
|
Q3
2022
|
7.21 %
|
21.24 %
|
Q2
2022
|
8.42 %
|
19.84 %
|
Q1
2022
|
7.62 %
|
17.64 %
|
Q4
2021
|
10.06 %
|
14.89 %
|
Q3
2021
|
10.22 %
|
7.41 %
|
Q2
2021
|
11.02 %
|
5.41 %
|
Q1
2021
|
10.40 %
|
5.80 %
|
Q4
2020
|
9.02 %
|
6.01 %
|
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P Dow Jones Indices has been innovating and developing
indices across the spectrum of asset classes helping to define the
way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit: https://www.spglobal.com/spdji/en/.
S&P Dow Jones Indices Media Contacts:
April
Kabahar
(+1) 917 796 3121
april.kabahar@spglobal.com
Alyssa Augustyn
(+1)
773 919 4732
alyssa.augustyn@spglobal.com
S&P Dow Jones Indices Index Services:
Howard Silverblatt
Senior Index Analyst
(+1) 973 769 2306
howard.silverblatt@spglobal.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sp-500-q4-2023-buybacks-increase-18-0-compared-to-q3--full-year-2023-shows-decline-of-13-8-from-2022-levels-earnings-per-share-impact-continues-to-decline-buybacks-tax-reduced-q4-operating-earnings-by-0-44-and-2023-by-0-40-302091498.html
SOURCE S&P Dow Jones Indices