Amazon.com Inc. (AMZN) said in its 2018 annual report filing that although it can, it chose not to repurchase any of its shares during 2018. The e-commerce giant is cleared to spend up to $5 billion to repurchase shares, but hasn't bought back any stock since it spent $960 million worth in 2012. In addition, Amazon still has never paid a dividend. But before shareholders complain about the company not returning cash to shareholders--it has pledged to spend more on growing its business this year ( ) than it did in 2018--consider that the stock continues to outperform Apple Inc. (AAPL), which spent over $70 billion on share repurchases in calendar 2018, including $8.2 billion in the December quarter ( ), and about $14 billion on dividends. Amazon's stock soared 28.4% in 2018, while Apple shares returned (including dividends) a negative 5.4%. In comparison, the S&P 500 fell 6.2% last year. In 2017, shares of Amazon ran up 56.0% and Apple returned 48.5%, while the S&P 500 climbed 19.4%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 01, 2019 14:38 ET (19:38 GMT)
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