ASX buyback bonanza intensifies as boards woo investors

Australia’s largest companies have already announced $5 billion worth of new buybacks this earnings season as an increasing number of boards opt to use the excess cash to repurchase stock rather than return the money to shareholders via dividends.

CSL is the latest blue chip among the 12 companies so far this month to announce new buybacks, which matches the total number for the entire February reporting period that was worth $5.9 billion, and smashes the $2.8 billion of buybacks across 10 companies announced a year ago.

Source: https://www.afr.com/markets/equity-markets/asx-buyback-bonanza-intensifies-as-boards-woo-investors-20250819-p5mo1v