Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Companies that use their cash to buy back stock, issue dividends, etc. — how does this this typically affect share price?
IBM is famous for spending lots of money on stock buyback to keep the stock price higher. The technique works, and investors in growth stocks generally prefer a high market prices to a taxable dividend payment. Dividends are ways to return shareholder value when a company generates a lot of cash, but doesn't have alot of growth. Electric and gas companies are a classic example of high-dividend companies.