Group 1: Share Buybacks and Market Impact - Share buybacks are crucial for the stock market as they increase earnings and equity per share, leading to higher stock prices [1] - Companies listed are significantly increasing their share buyback authorizations, which is expected to drive stock prices higher over the next twelve months [1] Group 2: Corteva Overview - Corteva plans to buy back 7.5% of its stock with an additional $3 billion authorization, raising the total to $3.75 billion [2] - The company has a dividend yield of 1.09% and an annual dividend of $0.68, with a 6.04% annualized three-year dividend growth [2][3] - Corteva's buybacks have reduced the share count by over 1% year-to-date by the end of Q3, with expectations to continue this pace into 2025 [2] Group 3: AECOM Overview - AECOM has raised its dividend by 18% and increased share repurchase authorization to $1 billion, nearly 7% of its market cap [6] - The company has a dividend yield of 0.76% and an annual dividend of $0.88, with a payout ratio of 29.73% [6][7] - Buybacks in Q4 reduced the share count by 3.0% for the quarter and 2.6% for the year [7] Group 4: EOG Resources Overview - EOG Resources has a dividend yield of 2.77% and an annual dividend of $3.64, with a 32.69% annualized three-year dividend growth [7][8] - The company has increased its buyback authorization to $5 billion, which is nearly 7% of its market cap, and reduced the share count by 2.2% in Q3 [8][9] - EOG plans to fund the buyback increase with debt, raising its debt to about $5 billion, but maintains a strong balance sheet with low leverage [9]
3 Hot Buyback Announcements That Will Drive Value in 2025