Balance sheets "look healthy," cash flow generation is "attractive," and dividends and buybacks are set to be resilient, Goldman Sachs says. "Shareholder returns are poised to reach an all-time high," the bank said in an April 23 note. It expects Europe's Stoxx 600 to return 500 billion euros to shareholders via dividends and buybacks. "This implies a 5% yield.
Even corporate insiders, executives and officers are buying more shares in their own firms than they are selling," the bank said. Dividends have been in the spotlight recently, with a number of tech giants — such as Meta and Alphabet — offering them for the first time. But not all stocks offering buybacks and dividends are equal, Goldman said. "For example, year-to-date, high buyback yield stocks have outperformed low buyback stocks.
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