The ranking measure: Net payout yield = trailing-twelve-month dividends paid plus share buybacks minus cash raised from issuing shares (including employee option exercises), from SEC cash-flow statements, divided by market value (third-party market data, may be delayed; date below). Gross payout yield (before issuance) is shown alongside. A line a company has not tagged in recent filings counts as zero and is listed; a line tagged only in annual reports uses the latest fiscal year ending within the period (also listed); a line filed for recent periods but missing for this one leaves the company out rather than understating its payout.

Who is included: Passes data-quality checks; revenue of at least $100M; market value available; at least one of dividends, buybacks or share issuance tagged for the period; not a bank, insurer or REIT.

Market values are from third-party market data as of 2026-11-02 and may be delayed; every other figure comes from SEC filings.

A new edition is published each calendar quarter; past editions are kept unchanged. Observations, not recommendations — a position on this ranking is a description of reported figures, never advice.

Research cited

  • Boudoukh, J., Michaely, R., Richardson, M., & Roberts, M. R. (2007). On the importance of measuring payout yield: Implications for empirical asset pricing. Journal of Finance.