Net Payout Yield Focus: Travelers
The below chart shows the quarterly combined dividends and buyback percentages based on the current market cap of $21.7B. Note the Q2 2011 buyback dropped substantially due to the tornado related losses in the US. Add up the last four quarters gives a NPY of roughly 17%. Incredible how little attention the NPYs obtain these days. All the focus is on dividends. Imagine a SP500 stock with a 7% quarterly dividend like TRV posted in Q4 and than again almost in Q2 2010 as well.
Disclosure: Long TRV in client and personal accounts. Please review the disclaimer page for more information.