Shareholder Yield (Mebane Faber)

Shareholder yield (Mebane Faber ) is the sum of the following:
Dividend yield + Percentage of Shares Repurchased + Net debt repaid yield

Net Debt Repaid Yield = Change in total debt / Market Value of the company)

The Mebane Faber shareholder yield thus adds net debt repaid to the normal Shareholder Yield (see other definition).

Note that the Shareholder Yield can also be negative as Percentage of Shares Repurchased and Net debt repaid yield can be negative if shares are issued and or debt increases.