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Dec 07 2016

Does Returning Cash Crowd Out Capex?

  • Dec 7, 2016

Companies are returning cash to investors at a level never before seen. Does the historically high level of cash being returned to shareholders crowd out the use of cash elsewhere? One wide-spread concern is that by shelling out cash through dividends and share buybacks, companies are spending less on capital expenditures. Is that a real concern?


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About The Author

Jun Zhu / Sr. Research Analyst & Co-Portfolio Manager