RE:RE:RE:Share buyback Buybacks make sense since it'll save on dividend in the long run. If they buy back 50% of shares over a 10 yr period , no. Of shares would reduce by 50% and dividend payment would be reduced by same. L
meanwhile the firm would save approx 5% of dividend obligation each year on the cancelled shares of purchase at current market price. If the firm decides to increase payout ratio to match the same dividend obligation as of today, dividend per share could double.
This is the solution to fix the firm's misstepped when the firm has issued excessive shares in acquiring Shaw media's asset back in 2018/19 ( hence, explains the excessive dilution of shares/ EPS ), and the no. Of shares should come down .