Dissecting Shareholder Yield

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4 May 2012
Source: Social Science Research Network
Wesley R. Gray Jack Vogel

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Abstract

The authors examine a range of previously studied payout yields over time: dividends, share repurchases cash flow, and equity issuance, and confirm that dividend yield no longer works as a reliable predictor of future stock performance.
Topics
Equity Investments
    :
  • Equity Market Valuation and Return Analysis
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