Answer: A company may spend more cash over the course of a year on stock repurchases than it does on cash dividends
Explanation:
Stock repurchase or stock buyback occurs when the shares of a company are bought back from the market by the same company using its accumulated cash.
It's simply a way by which companies re-invest in themselves. It should be noted that a company may spend more cash over the course of a year on stock repurchases than it does on cash dividends.