Apple authorises $100bn share buyback programme

14 articles · Updated · The Wall Street Journal · May 7

The move, disclosed last week, ranks among the biggest recent repurchase plans by a US company.
Netflix approved a $25 billion buyback in April, while Qualcomm announced a $20 billion plan in March.
The announcements reflect a broader corporate shift toward buybacks over dividends, pushing the S&P 500 dividend yield toward 1%.

Are massive buybacks a sign of corporate strength or a confession of no better ideas?

As buybacks replace dividends, is the era of earning reliable income from stocks over?