David Pett of The National Post writes an article discussing "true yield" which George Vasic of UBS describes as a measure of both dividend yield and share dilution.
"In order to account for current corporate policy and still be relevant to future corporate behaviour, Mr. Vasic equates true yield as dividend yield less three year compound annual growth rate (CAGR) of shares outstanding. He stressed that true yield should be used as a complement, not a substitute, for the dividend yield."
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How Annuities Work
6 hours ago
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