When will we be able to screen and rank on Shareholder Yield?
When we can find an extensive, accessible and affordable database of buyback information.
About the Author
Gcayet
Garrett Cayet RIA
5 comments
Gromley
When we can find an extensive, accessible and affordable database of buyback information.
Everything has its price. What constitutes affordable Ed ?
I could deliver on that if the price is right.
Edward Croft
Haha - I think you doing manual buyback inputs for global stocks might be a bit unaffordable !
Gromley
Indeed so :-) but actually my mind wasn't on manual inputs - there is a feasible semi-automated approach for the UK. I hadn't actually cast my mind to the other markets you cover, but I would be cautiously confident that the concept could be deployed wider. But we might be talking about unicorns?
HumourMe
Reading What Works on Wall Street, which led me here ..
Historic shareholder yield (dividend + net change in shares * price paid) could be estimated with a price estimate .
Not sure why one needs to know the amount spent ... return from dividend + return from increased future earnings is what I'd care about and the latter is proportional to the reduction in share capital. Of course it would be nice if the company also paid a good price but you don't get a better future return if the company pays more, which is what the definitions I've found imply.
Hmmm ... this makes no sense to me.
Roll on the time I can define 'shareholder return' as dividend yield% - net change in share capital% + retained earnings growth%,
or something like that and then back test it :-)
