Shareholder Payout Expectations and Their Impact on Stock Returns
The advent of share buybacks has transformed how companies return capital to shareholders. But in this modern era, what is the best way to do so?
This white paper explores shareholder payouts, including dividends and buybacks. Additionally, it discusses:
- Buybacks now make up a larger and more volatile portion of aggregate payouts compared to dividends
- Payout policies vary, with the top 10 buyback programs accounting for over 40% of all buybacks in 2021
- A 1% increase in expected payout yield predicts 16.7% higher returns
Read the white paper to learm more and discover more.