In the first quarter the volume of stock buybacks by US corporations amounted to $ 646 billion - on AMarkets materials.
This is the maximum, if you count from the third quarter of 2007. If baybekam to add dividends, the amount of gain even more - $ 975 billion Previous record -. $ 835 billion (Q4 2007). If we assume that from the 1st quarter of 2009 and 1st quarter of 2016, inclusive - the amount baybekov and dividends amounted to an impressive sum of $ 5.1 trillion. For the S & P 500 dividend rate was 2.15% at the end of the first quarter. Baybekov rate was 3.28%. Combination bet - 5.43%.
Therefore, do not be surprised when you hear someone's opinion that the main driver 7-year-old bull rally in the US stock market - baybeki. In other words - this mechanical activity of the companies, not the derivative of growth of the US GDP. Making money in the stock market is much more favorable than in the corporate debt market. For the first rate of return - 6.2%, for the latter - 4% on average over the 7-year period.