Home Business Warren Buffett just poured another $7.6B into his all-time favorite business —...

Warren Buffett just poured another $7.6B into his all-time favorite business — here are 3 other companies doing something similar

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Warren Buffett just poured another $7.6B into his all-time favorite business — here are 3 other companies doing something similar

When Warren Buffett’s holding company Berkshire Hathaway spends billions of dollars on an investment, it usually makes headlines.

But there wasn’t too much hype surrounding Berkshire’s $7.6 billion purchase in Q3 — and for a good reason: The company was buying back its own shares.

Buybacks are a common way for companies to return capital to shareholders.

By repurchasing its shares, Berkshire reduced the number of shares outstanding, giving each remaining shareholder a larger stake of the company.

It’s not the first time that Buffett has bought back stock this year. Berkshire repurchased $6.6 billion of its shares in Q1, followed by another $6 billion worth of buybacks in Q2.

But Berkshire isn’t alone. Here’s a look at three other companies that are returning billions of dollars of cash to investors through buybacks…

Click here for full article…finance.yahoo.com