You won’t see these “hidden yields” quoted on any financial website. But these firms are showering their shareholders with double-digit yields – and making their owners rich in the process.
The key to finding them? Look beyond the stated yields and focus on the more nuanced (and more valuable) “shareholder yields”.
Take Corning (GLW) for example. The maker of Gorilla Glass never pays more than 3% – if you only look at the current dividend, that is:
Always a Modest 2%+ Yield
But Corning’s shareholder yield – which properly includes money the firm spends on share buybacks – has climbed into double-digits in recent years. Which is the main reason why shares have rewarded investors with 156% returns over the last five years: …