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Jeremy Schwartz: Wisdomtree & the ETF Revolution

The Security Analysis Podcast

CHAPTER

Comparing Total Shareholder Yield to Dividend Yield and the Impact of Buybacks

This chapter explores the concept of total shareholder yield and its comparison with pure dividend yield. It discusses the benefits of buybacks as a substitute for dividends, particularly for tax-sensitive individuals, and highlights the relationship between high buybacks and better-performing stocks.

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