Technology and banks boost share buybacks
Share buybacks reach $572 billion globally, after surging almost 27% in the second quarter. Salesforce, Apple, Toyota, and Nvidia are at the top of the Janus Henderson ranking. Spanish listed companies exceeded $3.1 billion, with BBVA as the leader in Spain and second in Europe, behind Shell.
Global share buybacks surged 26.8% in the second quarter to $572 billion, driven by the technology sector, which spent over $121 billion, a 7.3% increase. Tech companies such as Salesforce, Apple, Toyota, and Nvidia led the quarterly ranking of largest share buyers. According to Janus Henderson's Global Dividend and Share Buyback Index, Spanish companies, including BBVA, Endesa, and Repsol, also made significant share buybacks, totaling $3.1 billion.
The financial sector remains the largest dividend payer globally, with payouts of over $239.7 billion, an 8.1% increase. Janus Henderson predicts dividends will rise 5-6% and share buybacks 7-8% by 2026.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
