However,
the shareholder yield strategy benefits from a big bias which is that the portfolio, across almost any valuation metric, is trading at a discount to the overall market.
The first test is
a Shareholder Yield strategy on stocks in the S&P 500.
Cambria's commitment to a Shareholder Yield ETF, the historical results outlined in Shareholder Yield: A Better Approach to Dividend Investing (and elsewhere on the web), and the results of the tests using Portfolio123 indicate that
a shareholder yield strategy is worth our attention.
Faber outlines
the Shareholder Yield strategy in his Shareholder Yield: A Better Approach to Dividend Investing.