FYI: Capital allocation is one of the most important decisions management has to make for corporations. Changes in regulations have made it more important over the years for investors to pay attention to not only dividend yields, but also share buybacks, debt repayment and M&A. This piece I wrote for Bloomberg goes over how things have changed in recent decades in capital allocation decisions and what it means for shareholder yields.
Regards,
Ted
http://awealthofcommonsense.com/2017/07/stock-market-yields-are-higher-than-you-think/
