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Netflix focuses on share buybacks and cash accumulation without dividend plans

The Motley Fool +1 · ·by G4L

NFLX Netflix Inc
$63.26 -1.08%
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  1. 1Netflix recorded over $10.7 billion in share buyback expenditures through September.
  2. 2Netflix ended the third quarter with $15.3 billion in debt and $8.2 billion in cash.
  3. 3Netflix stated that it has no plans to pay dividends in the near future.

So what's the key point?

Netflix is focusing on buying back its own shares and building up cash. This means the company is prioritizing filling its coffers instead of sharing profits with shareholders for the time being.

Source The Motley Fool +1 · View original ↗

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