[DcifrThs]

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wtf

the point is that many companies are doing share repurchases rather than paying dividends now

and share repurchases are basically equivalent

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Share repurchases are more tax efficient for most investors, that's why they're more common now.

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also, the thing about issuing dividends: it's easy to increase or start them...but way harder to pare them back or stop them from the mkt's perspective. share buy backs are easier and more fluid.

anyways, i just see so many definitions of these terms i'd like to get some standard ones. at least earnings yield i think is just e/p.

Barron