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3 Stocks Returning Billions to Shareholders via Buybacks
AMATApplied Materials(AMAT) MarketBeat·2025-03-19 12:01

Group 1: Share Buyback Programs - Several major firms have announced significant new share buyback programs as Q1 2025 concludes, with three stocks having buyback capacity of 8% or more of their market capitalizations [1] - Applied Materials has authorized a 10billionsharebuybackprogram,bringingitstotalbuybackcapacityto10 billion share buyback program, bringing its total buyback capacity to 17.6 billion, which is nearly 14% of its 126billionmarketcapitalization[1]−ChurchillDownshasapproveda126 billion market capitalization [1] - Churchill Downs has approved a 500 million share repurchase program, resulting in a total buyback capacity of 626million,approximately8626 million, approximately 8% of its 8 billion market capitalization [6] - DICK'S Sporting Goods announced a 3billionsharebuybackprogram,givingitatotalbuybackcapacityofapproximately3 billion share buyback program, giving it a total buyback capacity of approximately 3.51 billion, equal to 22% of its nearly 16billionmarketcapitalization[11][12]Group2:DividendIncreases−AppliedMaterialsannouncedasignificantdividendincreaseof1516 billion market capitalization [11][12] Group 2: Dividend Increases - Applied Materials announced a significant dividend increase of 15%, raising the payment to 0.46 per share, with a yield of 1.2% [4] - DICK'S Sporting Goods also raised its dividend by 10%, planning to pay a total of 4.85overthenextfourquarters,resultinginadividendyieldof2.54.85 over the next four quarters, resulting in a dividend yield of 2.5% [14] Group 3: Financial Performance and Metrics - Applied Materials has repurchased 4.4 billion worth of shares over the last four quarters, but the timing of these purchases was not optimal as the current share price is 19% lower than the average repurchase price of 192[2][3]−ChurchillDownshasrepurchased192 [2][3] - Churchill Downs has repurchased 216 million worth of shares in the last 12 months, which is moderately above its average repurchase pace of 187millionoverthepastdecade[7]−DICK′SSportingGoodsspent187 million over the past decade [7] - DICK'S Sporting Goods spent 268 million on share buybacks in fiscal 2024, below its average annual buyback pace of $430 million over the past 10 years, with the current share price being 8% lower than the average price paid for shares [13]