While dividend yields in the United States in the late 1990s were at historically low levels, share

Question:

While yields in the United States in the late 1990s were at historically low levels, share repurchases were at historical highs. Was this a coincidence?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...