EXPLOSIVE BUYBACKS: BIG NAMES BOTTOMING OUT OR GOING BIG?
It’s a financial frenzy as STUNNING new share buyback programs hit the headlines with BLISTERING intensity! As Q1 2025 wraps up, three massive companies are pulling out all the stops, unleashing eye-popping buyback capabilities at 8% or more of their market value! Buckle up, because you won’t want to miss this!
1. Applied Materials: A $10 BILLION BOMBshell! 🚨
In a jaw-dropping announcement, the semiconductor giant Applied Materials (NASDAQ:) is throwing down a monstrous $10 billion share buyback program! Hold onto your hats, folks, because this means the company now wields a staggering $17.6 billion in share buyback capacity—an awe-inspiring 14% of its $126 billion market cap!
But wait, there’s more! They’ve already repurchased $4.4 billion in shares in the last year. Yet, despite this aggressive strategy, their stock has nosedived since hitting a peak in June 2024. With shares now at $157—19% off the average repurchase price of $192—this might be a case of chasing the dragon!
And as if that wasn’t enough, hold on tight for a whopping 15% dividend hike! Shareholders can expect a juicy $0.46 per share on June 12, with an ongoing generous yield of 1.2%. Talk about a rollercoaster ride in the world of dividends, with a 20% growth rate since 2017! 🎢
2. Churchill Downs: Betting BIG on Shareholder Cash! 💰
The legendary Churchill Downs (NASDAQ:) has thrown down a $500 million share repurchase gauntlet! With a hefty total share buyback capacity of $626 million, that’s roughly 8% of their $8 billion market cap! Get ready for the cash to roll in!
The excitement doesn’t stop there! They’ve already bought back $216 million worth of shares this past year. But don’t expect much in the way of dividends—currently limping along with a yield of just 0.4%. This company has a sprawling empire—from the iconic Kentucky Derby to online betting behemoth TwinSpires—but can they keep their cash flowing?
Churchill is also raking in profits from its historic racing machines (HRMs), the secret weapon that’s storming the gaming scene. These aren’t your ordinary slot machines, folks—these bad boys use actual race results to determine winners! It’s an ingenious twist that’s making waves and cashing in.🏇💵
3. DICK’S Sporting Goods: Hitting Home Runs with BILLIONS! ⚾️
It’s a home run for DICK’S Sporting Goods (NYSE:) as they unveil a staggering $3 billion share buyback program! With a jaw-dropping buyback capacity of approximately $3.51 billion—an INCREDIBLE 22% of its nearly $16 billion market cap—it’s time for the shareholders to rejoice!
Despite a slower buyback pace of $268 million in fiscal 2024, they’re ready to ramp things up! Shares were bought at an average price of $218, but with stock currently sitting at $195, it’s a wild game of swings and misses!
And hold the phone—a 10% dividend raise is coming your way! The payment plan starts April 11, and the anticipated total for next year is a solid $4.85 per share, leading to an attractive yield of 2.5%. Get ready, because DICK’S is not just sweating it out on the field—they’re hitting those financial goals OUT OF THE PARK! 🥳💸
