- S&P 500 Q2 2023 buybacks were $174.9 billion, down 18.8% from Q1 2023's
$215.5 billion and down 20.4% from
the Q2 2022 $219.6 billion
- The 12-month June 2023
expenditure of $812.5 billion was
down 19.2% from the record $1.005
trillion expenditure of June
2022
- Financials pulled back to $32.7
billion after increasing to $46.9
billion in Q1 2023 from their 36.3% pullback in 2022 over
concerns in banking and regulation; Information Technology regained
the lead spending $47.1 billion in Q2
2023
- Energy spent $18.3 billion,
representing 10.4% of all buybacks, whereas the sector represented
4.1% of the market value, with Exxon and Chevron both placing on
the top five list for the quarter
- The new net buyback 1% excise tax, which started in 2023,
reduced Q2 2023 operating earnings by 0.34% (0.45% in Q1 2023) and
As Reported GAAP by 0.38% (0.49%)
NEW
YORK, Sept. 12, 2023 /PRNewswire/ -- S&P Dow
Jones Indices ("S&P DJI") announced today preliminary S&P
500® stock buybacks, or share repurchases, data for Q2
2023.
Historical data on S&P 500 buybacks are available at
www.spdji.com/indices/equity/sp-500.
Key Takeaways:
- Q2 2023 share repurchases were $174.9
billion, down 18.8% from Q1 2023's $215.5 billion expenditure and down 20.4% from Q2
2022's $219.6 billion.
- 304 companies reported buybacks of at least $5 million for the quarter, down from 358 in
Q1 2023 and down from 331 in Q2 2022; 367 companies did some
buybacks for the quarter, down from 390 in Q1 2023 and down from
384 in Q2 2022; 434 companies did some buybacks for the 12-months
ending June 2023, down from 437 in
the prior 2022 period.
- Buybacks remained top heavy with the top 20 companies
accounting for 52.0% of Q2 2023 buybacks, above the 48.6% of Q1
2023, above the historical average of 47.2%, and above the
pre-COVID historical average of 44.5%.
- For the 12-months ending June
2023, buybacks were $812.5
billion, down from the record $1.005
trillion for the prior 12-month June
2022 period.
- 16.3% of companies reduced share counts used for
earnings-per-share (EPS) by at least 4% year-over-year, down
from Q1 2023's 18.5% and down from Q2 2022's 19.8%; for Q2 2023 165
issues increased their shares used for EPS over Q1 2023, and 275
reduced them.
- S&P 500 Q2 2023 dividends decreased 2.4% to $143.2 billion from the prior Q1 2023's
record of $146.8 billion and were
1.9% greater than the $140.6 billion
in Q2 2022. For the 12-months ending in June
2023, dividends set a record $576.4
billion payment, up 6.2% on an aggregate basis from the
12-month June 2022's $542.1
billion.
- Total shareholders return of buybacks and dividends
decreased to $318.1 billion in Q2
2023, down12.2% from Q1 2023's $362.3
billion and down 11.7% from Q2 2022's $360.2 billion. Total shareholder returns for
the 12-months ending June 2023
decreased to $1.389 trillion from
the 12-month June 2022 record
$1.547 trillion.
- The new 1% excise tax on net buybacks, which started in
2023, reduced the Q2 2023 S&P 500 operating earnings by 0.34%
and As Reported GAAP earnings by 0.38%; the proforma for full
year 2022 was a 0.51% reduction for operating and a 0.58% reduction
for as reported.
"Companies broadly reduced their buybacks in Q2 2023, as
concerns over banking and a slowing economy dominated. Companies
with strong cash-flow led the buybacks, as the top 20 issues
accounted for 52%. Financials pulled back 30.2% after restarting
their buybacks in Q1 2023 and following their 2022 pullback.
Energy, which represented 4.1% of the equity market, represented
10.4% of the buybacks; Exxon and Chevron ranked in the top five for
the quarter. The EPS impact, due to share count reduction, also
declined with the value of buybacks now being re-evaluated with
respect to its cost-support tradeoff. Still, 16.3% of the issues
increased their Q2 2023 EPS year-over-year by at least 4% compared
to 18.5% last quarter," said Howard
Silverblatt, Senior Index Analyst at S&P Dow Jones
Indices. "Going forward and given the market's expectations
that higher interest rates will continue for longer and new banking
regulations will be implemented, buyback expenditure in excess of
option coverage will be challenged for all but the top-tier
cash-flow issues. Notably, and potentially adding to the cost
further is the ongoing budget discussions and quest for government
income as the new 1% buyback tax appears to be an attractive target
from both sides of the aisle to increase."
1% Buyback Excise Tax for 2023:
The new 1% excise tax on net buybacks reduced Q2 2023 operating
earnings by 0.34%, down from the Q1 2023 0.45%, and down from the
proforma 0.52% for Q2 2022 and the proforma 2022 0.51%. As reported
GAAP earnings were reduced by 0.38%, down from the Q1 2023 0.49%,
down from the proforma 0.57% for Q2 2022, and the proforma 2022
0.58%.
Silverblatt added: "The 1% tax is an additional cost, but it is
still not significant enough to impact the overall buybacks at this
point. Given the initial 1% buyback tax had bipartisan support,
there is an expectation that some increase and/or potential change
to the type of buybacks that are taxed are on the table and will
remain past the current budget discussions. An increase to the 2.5%
area could start to impact buybacks and the EPS impact of
share-count-reduction due to some of the expenditures shifting from
buybacks to dividends. Any shift however would not be on
a-dollar-for-dollar basis, as dividends remain a long-term pure
cash-flow item which must be incorporated into corporate budgets,
and therefore move much slower."
Q2 2023 GICS® Sector Analysis:
Information Technology regained the lead from Financials
which took over the lead in Q1 2023 that Information Technology had
held since Q3 2017. For Q2 2023 the sector increased their
expenditure 2.6% to $47.1 billion,
representing 26.9% of all S&P 500 buybacks. This is compared to
the $45.9 billion spent in Q1 2023,
representing 21.3% of all buybacks; for Q2 2022 the sector spent
$72.0 billion, 65.5% higher. For the
12-month June period the sector spent $211.5
billion, down 25.7% from the prior period's $284.5 billion.
Financials pulled back for the quarter as concerns over
banking and expected new regulations increased. The sector pulled
back in Q2, Q3 and Q4 2022 over economic issues and to protect
their dividends, but then started up again in Q1 2023. For Q2 2023,
Financials spent $32.7 billion on
buybacks, accounting for 18.7% of all S&P 500 buybacks, down
from the Q1 2023 expenditure of $46.9
billion. This represented 21.8% of the buybacks, as they
remained higher than the lowered $21.2
billion expenditure of Q2 2022, when they represented 9.7%
of the buybacks. For the 12-month June
2023 period, Financials spent $125.2
billion, down from $189.3
billion for the 12-month June
2022 period. Given the current banking environment and
planned new regulatory requirements, Financials may limit their
current buybacks as they again look to protect their dividends.
Energy decreased their buybacks for the second quarter by
5.4% to $18.3 billion, representing
10.4% of the buybacks compared to the prior quarter's $19.3 billion, as the Q2 2023 quarter was an
increase of 36.4% over Q2 2022's $13.4
billion level. For the 12-month period ending in
June 2023, Energy spent $79.4 billion on buybacks, up 144% from the prior
period's $32.5 billion.
Health Care buybacks decreased 42.2% for the quarter
spending $13.4 billion in Q2 2023,
representing 7.7% of all buybacks. This was down from the Q1 2023
$23.2 billion and Q2 2022's
$17.2 billion. For the 12-month June
period, the sector spent $81.1
billion, down 15.8% from prior 12-month period's
$96.3 billion.
Of note, Real Estate significantly pulled back on their Q2 2023
buybacks to $71 million, down -86.5%
from the Q1 2023 $526 million and
down 93.7% from the Q2 2022 $1.127
billion.
Issues:
The five issues with the highest total buybacks for Q2 2023
are:
- Apple (AAPL): Once again spent the most of any issue
with its Q2 2023 expenditure ranking as the sixteenth highest in
S&P 500 history. For the quarter, the company spent
$19.9 billion, down from Q1 2023's
$20.0 billion (the fifteenth largest
in index history). Apple holds 18 of the top 20 record quarters
(Meta Platforms holds #12 and QUALCOMM holds #13). For the 12
months ending in June 2023, Apple
spent $86.4 billion on buybacks, down
from the prior 12-month period's $91.3
billion. Over the five-year period, Apple has spent
$414.9 billion, and $624.8 billion over the ten-year period.
- Alphabet (GOOG/L): $15.0
billion for Q2 2023, up from the $14.6 billion in Q1 2023; the 12-month
expenditure was $60.3 billion versus
the prior period's expenditure of $54.6
billion.
- Microsoft (MSFT): $5.7
billion for Q2 2023, up from $5.5
billion in Q1 2023; the 12-month expenditure was
$22.2 billion versus the prior
period's $32.7 billion.
- Exxon Mobil (XOM): $4.3
billion for Q2 2023, the same as Q1 2023; the 12-month
expenditure was $17.8 billion versus
the prior period's $6.1 billion.
- Chevon (CVX): $4.3 billion
in Q2 2023, up from $3.6 billion in
Q1 2023; the 12-month expenditure was $15.1
billion versus the prior periods $2.3
billion.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
|
S&P Dow Jones Indices
|
|
|
|
S&P 500 proforma net buyback tax
impact
|
|
|
TAX
|
TAX % OF
|
TAX % OF
|
|
$ BILLIONS
|
OPERATING
|
AS REPORTED
|
|
Q2 2023
|
$1.55
|
0.34 %
|
0.38 %
|
|
Q1 2023
|
$1.98
|
0.45 %
|
0.49 %
|
|
2022
proforma
|
$8.47
|
0.51 %
|
0.58 %
|
|
2021
proforma
|
$7.93
|
0.45 %
|
0.47 %
|
|
S&P Dow Jones Indices
|
|
|
|
|
|
|
|
|
S&P 500, $ U.S. BILLIONS
|
(preliminary in bold)
|
|
|
|
|
|
|
PERIOD
|
MARKET
|
OPERATING
|
AS REPORTED
|
|
|
|
|
DIVIDEND &
|
|
VALUE
|
EARNINGS
|
EARNINGS
|
DIVIDENDS
|
BUYBACKS
|
DIVIDEND
|
BUYBACK
|
BUYBACK
|
|
$ BILLIONS
|
$ BILLIONS
|
$ BILLIONS
|
$ BILLIONS
|
$ BILLIONS
|
YIELD
|
YIELD
|
YIELD
|
|
12 Mo
Jun,'23
|
$37,162
|
$1,741.00
|
$1,515.44
|
$576.37
|
$812.49
|
1.55 %
|
2.19 %
|
3.74 %
|
|
12 Mo
Jun,'22
|
$31,903
|
$1,733.78
|
$1,626.26
|
$542.09
|
$1,005.39
|
1.70 %
|
3.15 %
|
4.85 %
|
|
2022
|
$32,133
|
$1,656.66
|
$1,453.43
|
$564.57
|
$922.68
|
1.76 %
|
2.87 %
|
4.63 %
|
|
2021
|
$40,356
|
$1,762.75
|
$1,675.22
|
$511.23
|
$881.72
|
1.27 %
|
2.18 %
|
3.45 %
|
|
2020
|
$31,659
|
$1,019.04
|
$784.21
|
$483.18
|
$519.76
|
1.53 %
|
1.64 %
|
3.17 %
|
|
2019
|
$26,760
|
$1,304.76
|
$1,158.22
|
$485.48
|
$728.74
|
1.81 %
|
2.72 %
|
4.54 %
|
|
2018
|
$21,027
|
$1,281.66
|
$1,119.43
|
$456.31
|
$806.41
|
2.17 %
|
3.84 %
|
6.01 %
|
|
|
|
|
|
|
|
|
|
|
6/30/2023 Prelim.
|
$37,162
|
$457.43
|
$406.33
|
$143.20
|
$174.92
|
1.55 %
|
2.19 %
|
3.74 %
|
|
3/31/2023
|
$34,342
|
$439.08
|
$404.57
|
$146.76
|
$215.53
|
1.67 %
|
2.50 %
|
4.17 %
|
|
12/31/2022
|
$32,133
|
$421.55
|
$331.50
|
$146.07
|
$211.19
|
1.76 %
|
2.87 %
|
4.63 %
|
|
9/30/2022
|
$30,119
|
$422.94
|
$373.04
|
$140.34
|
$210.84
|
1.83 %
|
3.26 %
|
5.09 %
|
|
6/30/2022
|
$31,903
|
$395.02
|
$360.21
|
$140.56
|
$219.64
|
1.70 %
|
3.15 %
|
4.85 %
|
|
3/31/2022
|
$38,288
|
$417.16
|
$388.68
|
$137.60
|
$281.01
|
1.37 %
|
2.57 %
|
3.94 %
|
|
12/31/2021
|
$40,356
|
$480.35
|
$456.72
|
$133.90
|
$270.10
|
1.27 %
|
2.18 %
|
3.45 %
|
|
9/30/2021
|
$36,538
|
$441.26
|
$420.64
|
$130.04
|
$234.64
|
1.37 %
|
2.03 %
|
3.40 %
|
|
6/30/2021
|
$36,325
|
$439.95
|
$409.02
|
$123.38
|
$198.84
|
1.33 %
|
1.68 %
|
3.01 %
|
|
3/31/2021
|
$33,619
|
$401.19
|
$388.84
|
$123.91
|
$178.13
|
1.43 %
|
1.48 %
|
2.91 %
|
|
12/31/2020
|
$31,659
|
$321.81
|
$265.00
|
$121.62
|
$130.59
|
1.53 %
|
1.64 %
|
3.17 %
|
|
9/30/2020
|
$27,868
|
$314.06
|
$273.29
|
$115.54
|
$101.79
|
1.75 %
|
2.05 %
|
3.80 %
|
|
6/30/2020
|
$25,637
|
$221.53
|
$147.44
|
$119.04
|
$88.66
|
1.93 %
|
2.52 %
|
4.45 %
|
|
3/31/2020
|
$21,424
|
$161.64
|
$98.48
|
$126.98
|
$198.72
|
2.31 %
|
3.37 %
|
5.68 %
|
|
12/31/2019
|
$26,760
|
$324.52
|
$294.29
|
$126.35
|
$181.58
|
1.81 %
|
2.72 %
|
4.54 %
|
|
9/30/2019
|
$24,707
|
$330.42
|
$282.12
|
$123.12
|
$175.89
|
1.94 %
|
3.12 %
|
5.06 %
|
|
6/28/2019
|
$24,423
|
$333.26
|
$290.00
|
$118.68
|
$165.46
|
1.93 %
|
3.27 %
|
5.20 %
|
|
S&P Dow Jones Indices
|
|
|
|
|
|
|
|
|
S&P 500 SECTOR BUYBACKS
|
|
|
|
|
|
|
|
|
SECTOR $ MILLIONS
|
Q2,'23
|
Q1,'23
|
Q2,'22
|
12MoJun,'23
|
12MoJun,'22
|
5-YEARS
|
10-YEARS
|
|
Consumer Discretionary
|
$17,664
|
$18,301
|
$27,639
|
$74,326
|
$107,319
|
$360,087
|
$789,347
|
|
Consumer Staples
|
$4,265
|
$6,284
|
$10,662
|
$28,897
|
$40,234
|
$160,867
|
$378,555
|
|
Energy
|
$18,253
|
$19,304
|
$13,383
|
$79,404
|
$32,523
|
$153,128
|
$266,420
|
|
Financials
|
$32,742
|
$46,891
|
$21,216
|
$125,157
|
$189,347
|
$737,324
|
$1,231,704
|
|
Healthcare
|
$13,408
|
$23,194
|
$17,201
|
$81,148
|
$96,345
|
$399,404
|
$775,551
|
|
Industrials
|
$12,585
|
$14,239
|
$17,834
|
$66,340
|
$76,414
|
$303,400
|
$650,413
|
|
Information Technology
|
$47,134
|
$45,923
|
$71,956
|
$211,481
|
$284,462
|
$1,185,350
|
$1,930,264
|
|
Materials
|
$3,154
|
$3,773
|
$8,726
|
$19,152
|
$30,657
|
$91,190
|
$160,471
|
|
Real Estate
|
$71
|
$526
|
$1,127
|
$2,119
|
$3,175
|
$12,654
|
$19,025
|
|
Communication Services
|
$25,371
|
$35,797
|
$29,441
|
$122,620
|
$142,045
|
$453,001
|
$467,623
|
|
Utilities
|
$279
|
$1,299
|
$453
|
$1,844
|
$2,869
|
$13,685
|
$19,172
|
|
TOTAL
|
$174,924
|
$215,532
|
$219,637
|
$812,488
|
$1,005,390
|
$3,870,091
|
$6,688,545
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECTOR BUYBACK MAKEUP %
|
Q2,'23
|
Q1,'23
|
Q2,'22
|
12MoJun,'23
|
12MoJun,'22
|
5-YEARS
|
10-YEARS
|
|
Consumer Discretionary
|
10.10 %
|
8.49 %
|
12.58 %
|
9.15 %
|
10.67 %
|
9.30 %
|
11.80 %
|
|
Consumer Staples
|
2.44 %
|
2.92 %
|
4.85 %
|
3.56 %
|
4.00 %
|
4.16 %
|
5.66 %
|
|
Energy
|
10.43 %
|
8.96 %
|
6.09 %
|
9.77 %
|
3.23 %
|
3.96 %
|
3.98 %
|
|
Financials
|
18.72 %
|
21.76 %
|
9.66 %
|
15.40 %
|
18.83 %
|
19.05 %
|
18.42 %
|
|
Healthcare
|
7.66 %
|
10.76 %
|
7.83 %
|
9.99 %
|
9.58 %
|
10.32 %
|
11.60 %
|
|
Industrials
|
7.19 %
|
6.61 %
|
8.12 %
|
8.17 %
|
7.60 %
|
7.84 %
|
9.72 %
|
|
Information Technology
|
26.95 %
|
21.31 %
|
32.76 %
|
26.03 %
|
28.29 %
|
30.63 %
|
28.86 %
|
|
Materials
|
1.80 %
|
1.75 %
|
3.97 %
|
2.36 %
|
3.05 %
|
2.36 %
|
2.40 %
|
|
Real Estate
|
0.04 %
|
0.24 %
|
0.51 %
|
0.26 %
|
0.32 %
|
0.33 %
|
0.28 %
|
|
Communication Services
|
14.50 %
|
16.61 %
|
13.40 %
|
15.09 %
|
14.13 %
|
11.71 %
|
6.99 %
|
|
Utilities
|
0.16 %
|
0.60 %
|
0.21 %
|
0.23 %
|
0.29 %
|
0.35 %
|
0.29 %
|
|
TOTAL
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
100.00 %
|
|
S&P Dow Jones Indices
|
|
|
|
|
|
|
|
|
|
S&P 500 20 LARGEST Q2 2023 BUYBACKS, $
MILLIONS
|
|
|
|
|
|
|
|
|
|
Company
|
Ticker
|
Sector
|
Q2 2023
|
Q1 2023
|
Q2 2022
|
12-Months
|
12-Months
|
5-Year
|
10-Year
|
Indicated
|
|
|
|
Buybacks
|
Buybacks
|
Buybacks
|
Jun,'23
|
Jun,'22
|
Buybacks
|
Buybacks
|
Dividend
|
|
|
|
$ Million
|
$ Million
|
$ Million
|
$ Million
|
$ Million
|
$ Million
|
$ Million
|
$ Million
|
|
Apple
|
AAPL
|
Information
Technology
|
$19,863
|
$20,012
|
$24,562
|
$86,402
|
$91,338
|
$414,888
|
$624,756
|
$14,194
|
|
Alphabe
|
GOOGL
|
Communication
Services
|
$14,969
|
$14,557
|
$15,197
|
$60,325
|
$54,580
|
$193,491
|
$208,035
|
$0
|
|
Microsoft
|
MSFT
|
Information
Technology
|
$5,704
|
$5,509
|
$8,757
|
$22,245
|
$32,696
|
$124,837
|
$185,074
|
$20,225
|
|
Exxon Mobil
|
XOM
|
Energy
|
$4,340
|
$4,340
|
$3,919
|
$17,849
|
$6,140
|
$25,186
|
$50,908
|
$14,717
|
|
Chevron
|
CVX
|
Energy
|
$4,340
|
$3,607
|
$1,689
|
$15,061
|
$2,307
|
$23,488
|
$30,366
|
$10,751
|
|
Wells Fargo
|
WFC
|
Financials
|
$4,005
|
$4,016
|
$4
|
$8,032
|
$18,325
|
$72,305
|
$119,108
|
$5,253
|
|
NVIDIA
|
NVDA
|
Information
Technology
|
$3,739
|
$507
|
$3,650
|
$9,582
|
$7,239
|
$20,598
|
$25,642
|
$396
|
|
T-Mobile US
|
TMUS
|
Communication
Services
|
$3,661
|
$4,806
|
$43
|
$11,495
|
$237
|
$32,219
|
$34,317
|
$0
|
|
Booking
Holdings
|
BKNG
|
Consumer
Discretionary
|
$3,099
|
$2,150
|
$1,239
|
$9,582
|
$2,301
|
$25,589
|
$34,633
|
$0
|
|
Marathon
Petroleum
|
MPC
|
Energy
|
$3,068
|
$3,180
|
$0
|
$10,156
|
$6,516
|
$19,681
|
$29,038
|
$1,273
|
|
Visa
|
V
|
Financials
|
$3,048
|
$2,200
|
$2,434
|
$10,581
|
$12,572
|
$47,588
|
$76,031
|
$2,913
|
|
UnitedHealth
Group
|
UNH
|
Health Care
|
$3,000
|
$2,000
|
$2,500
|
$7,000
|
$7,100
|
$28,100
|
$41,074
|
$7,001
|
|
Meta
Platforms
|
META
|
Communication
Services
|
$2,590
|
$10,374
|
$6,235
|
$27,849
|
$53,268
|
$120,148
|
$132,661
|
$0
|
|
JPMorgan
Chase
|
JPM
|
Financials
|
$2,477
|
$2,690
|
$707
|
$5,167
|
$10,570
|
$67,599
|
$113,145
|
$12,274
|
|
Mastercard
|
MA
|
Financials
|
$2,419
|
$2,954
|
$2,384
|
$9,343
|
$7,769
|
$33,644
|
$51,969
|
$1,908
|
|
Lowe's
Companies
|
LOW
|
Consumer
Discretionary
|
$2,250
|
$2,106
|
$4,091
|
$10,352
|
$14,966
|
$41,967
|
$60,113
|
$2,624
|
|
Broadcom
|
AVGO
|
Information
Technology
|
$2,167
|
$3,420
|
$1,792
|
$7,382
|
$8,447
|
$25,588
|
$31,393
|
$7,671
|
|
Deere
|
DE
|
Industrials
|
$2,147
|
$1,289
|
$1,301
|
$5,813
|
$3,285
|
$13,385
|
$20,332
|
$1,348
|
|
Home Depot
|
HD
|
Consumer
Discretionary
|
$2,067
|
$2,887
|
$1,654
|
$7,688
|
$11,866
|
$41,057
|
$77,258
|
$8,466
|
|
Comcast
|
CMCSA
|
Communication
Services
|
$2,051
|
$2,176
|
$3,065
|
$11,267
|
$10,003
|
$25,587
|
$51,373
|
$4,825
|
|
Top 20
|
|
|
$91,004
|
$94,780
|
$85,223
|
$353,171
|
$361,525
|
$1,396,945
|
$1,997,226
|
$115,837
|
|
S&P 500
|
|
|
$174,924
|
$215,532
|
$219,637
|
$812,488
|
$1,005,390
|
$3,870,091
|
$6,688,545
|
$578,941
|
|
Top 20 % of S&P 500
|
|
|
52.02 %
|
43.97 %
|
38.80 %
|
43.47 %
|
35.96 %
|
36.10 %
|
29.86 %
|
20.01 %
|
|
Gross values are not adjusted for
float
|
|
|
|
|
|
|
|
|
|
S&P Dow Jones Indices
|
|
|
|
|
|
S&P 500 Q2 2023 Buyback
Report
|
|
|
|
|
|
|
|
|
|
SECTOR
|
DIVIDEND
|
BUYBACK
|
COMBINED
|
|
|
YIELD
|
YIELD
|
YIELD
|
|
|
Consumer Discretionary
|
0.83 %
|
1.82 %
|
2.65 %
|
|
|
Consumer Staples
|
2.69 %
|
1.26 %
|
3.95 %
|
|
|
Energy
|
3.26 %
|
4.63 %
|
7.89 %
|
|
|
Financials
|
1.93 %
|
3.01 %
|
4.95 %
|
|
|
HealthCare
|
1.69 %
|
1.62 %
|
3.31 %
|
|
|
Industrials
|
1.69 %
|
2.11 %
|
3.79 %
|
|
|
Information Technology
|
0.82 %
|
1.85 %
|
2.67 %
|
|
|
Materials
|
2.02 %
|
2.11 %
|
4.13 %
|
|
|
Real Estate
|
3.54 %
|
0.23 %
|
3.77 %
|
|
|
Communications Services
|
1.00 %
|
4.70 %
|
5.70 %
|
|
|
Utilities
|
3.48 %
|
0.20 %
|
3.67 %
|
|
|
S&P 500
|
1.57 %
|
2.20 %
|
3.77 %
|
|
|
Uses full values (unadjusted for
float)
|
|
|
Dividends based on indicated; buybacks based on
the last 12-months ending Q2,'23
|
|
|
Share Count Changes
|
|
|
|
(Y/Y diluted shares used for
EPS)
|
>=4%
|
<=-4%
|
|
Q2 2023
|
4.22 %
|
16.27 %
|
|
Q1 2023
|
4.02 %
|
18.47 %
|
|
Q4 2022
|
5.01 %
|
19.44 %
|
|
Q3 2022
|
7.21 %
|
21.24 %
|
|
Q2 2022
|
8.42 %
|
19.84 %
|
|
Q1 2022
|
7.62 %
|
17.64 %
|
|
Q4 2021
|
10.06 %
|
14.89 %
|
|
Q3 2021
|
10.22 %
|
7.41 %
|
|
Q2 2021
|
11.02 %
|
5.41 %
|
|
Q1 2021
|
10.40 %
|
5.80 %
|
|
Q4 2020
|
9.02 %
|
6.01 %
|
|
Q3 2020
|
8.62 %
|
9.62 %
|
|
Q2 2020
|
8.60 %
|
17.80 %
|
ABOUT S&P DOW JONES INDICES
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Services:
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