This article is a continuation of a monthly series highlighting the top net payout yield stocks that was started in June (see article). The series highlights the best stocks for the upcoming month.
Net Payout Yields Defined
The net payout yield is the combination of the dividend yield and the net buyback yield added together to calculate the yield returned to shareholders. The net buyback yield adds stock repurchases and subtracts shares issued. The yield is calculated using the amount of buybacks over the last four quarters divided by the current market cap.
Read the full article at Seeking Alpha.
Disclosure: Long COP, GS, KSS, MSI, and WLP. Please review the disclaimer page for more details.