This Dividend Stock Just Bought $520 Million of its Own Shares -- Should You Buy Too?
Share repurchases have been hot the past few years, including during this market downturn. As share prices have fallen, plenty of companies see this as an opportunity to start buying back their stock at a discount.
However, Waste Management (NYSE: WM) has been doing this for a long time. Since 2000, the company has cut its number of outstanding shares by nearly a third, creating significant shareholder value. This long-term habit continued this year, with Waste Management buying back $520 million of stock in 2022. Should you follow suit and buy some shares of Waste Management?
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Source Fool.com
