How do you read Buyback yield?

Buybacks shrink the share count, so each share stands for a bigger piece of the company. If the company issues shares at the same time (to staff, say), the count may not fall.

Buyback yield

Dividends and buybacks

What the company spent buying back its own shares, as a share of market cap.

How it is worked out

Share buybacks over the last twelve months divided by market cap.

How to read it

Buybacks shrink the share count, so each share stands for a bigger piece of the company.
If the company issues shares at the same time (to staff, say), the count may not fall.

Example

Buybacks $1bn, market cap $50bn: 2%.

Related terms

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

Explanations of terms for learning, with examples from SEC filings.