Record Dividends, Buybacks Lift Stocks, Signal Caution
Companies are returning capital to shareholders in record numbers, adding to the year-end surge ahead of 2013 tax increases, as reluctance to boost investment and hiring persists. The jump in dividend hikes and buybacks this year comes amid a stock market rally that has seen the Dow Jones industrial average reach record highs. On Tuesday, wireless chipmaker Qualcomm (QCOM) and chip gear supplier Applied Materials (AMAT) joined a host
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