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May 6, 2024

Companies shift profits into record dividends, but show more caution on stock buybacks

By DAMIAN J. TROISE
AP Business Writer

NEW YORK — Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks.

Dividends hit a record $1.66 trillion globally last year, while stock buybacks eased. Investors can likely expect more dividend growth through 2024, according to a recent report from Janus Henderson. At the same time, companies face more uncertainty on economic growth, inflation and interest rates, leaving them to find a better balance of paying off debt and buying back stock.


 
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