However, to avoid issues with stock splits, I'm going to
define shareholder yield as follows: (DivPaid (0, TTM) + DbtTotPYQ - DbtTotQ + (EqPurch (0, TTM)- EqIssued (0, TTM)-RRB--RRB- / mktcap What do you think of that definition?
Shareholder yield has been
defined differently by different analysts, but Faber
defines it as a combination of (a) cash dividends, (b) net share repurchases and (c) debt repayment.