
Shareholder Return Ratio: What a 33% Payout Actually Yields
The shareholder return ratio is measured against net profit; the yield you actually collect is measured against market cap. PER is the only link between them — and it turns 33% into 0.7%.

The shareholder return ratio is measured against net profit; the yield you actually collect is measured against market cap. PER is the only link between them — and it turns 33% into 0.7%.