Canadian Stock Payouts & Buybacks Hit Record Levels Versus US, CIBC Says

Posted by David Logan

Date: June 24, 2023

43 Views

[ad_1]

The S&P/TSX Composite Index is offering the biggest payout ever relative to the S&P 500 Index as high commodity prices spur a record surge in Canadian buybacks and dividends.“This is the most attractive relative yield the TSX has ever had vis-a-vis the S&P 500,” Canadian Imperial Bank of Commerce head of portfolio strategy Ian de Verteuil said by phone, Friday. “Outside of the last three or four years, the TSX has never had a payout yield close to the S&P 500.”