Brambles (ASX:BXB) has been in focus after updating investors on its on-market share buy-back program, with more than 15,364,044 shares retired and a further 25,585 repurchased on the latest trading day.
At around A$19.01, Brambles has seen a modest 1-day share price return of 0.48% and a 7-day gain of 2.48%. However, the share price return since the start of the year is down 16.59%, while the 5-year total shareholder return of 109.80% points to much stronger longer term momentum.
Compare Brambles’ buy-back story with other companies returning cash to shareholders by scanning our hand picked 3 dividend fortresses.
Brambles appears to be a solid logistics platform with a long operating history and ongoing buy-backs, yet the share price is still down sharply this year. Is that a quality business temporarily on sale, or a case where caution is…
