Standard & Poors: Examining Share Repurchasing and the S&P Buyback Indices in the U.S. Market, 2020

Since 1997, share repurchases have surpassed cash dividends and become the dominant form of corporate payout in the U.S. This paper gives an overview of share repurchases in U.S., including trends in corporate payouts, major types of and motives behind share repurchases, and the price impact.