The shareholder yield is a return measure that compares the company cash and non-cash distributions and its market value. The ratio is calculated by summing to the dividend yield the buyback yield, calculated as minus net equity issuance divided by market capitalization.

All else equal, the lower the ratio the less attractive a company is as an investment, because it means investors are putting money into the company but not receiving a good cash return in exchange.

This ratio is a more accurate representation of return to the shareholder than the dividend yield because it includes all distributions (and dilutions) for the shareholders.

Formula

Yield + 100 * (EqPurch - EqIssued)/MktCap

Yield + 100 * (1-SharesQ/SharesPYQ)
Alternate when EqPurch or EqIssued is N/A