RE: Easiest 20% you're ever going to make6 Sep 2024 00:15
LR
''Buybacks can not be included in Yields on a holding''
Each individual investors historic/forward yield will vary depending upon the price paid for shares, and the amount per share that has been/expected to be paid as a dividend.
In addition a share buyback for cancellation is a further return to shareholders, measured as a percentage increase in ownership that a programme is able to achieve . So total returns to shareholders are the combined dividend yield and the buyback.
The lower the share price, the greater percentage of shares that can be bought and cancelled with a set amount of money.
At the outset of a buyback programme, as well as the spend amount,it may be reported that the buyback is worth X pence per share, based on the spend amount, share price and market cap at the time.