Temple Bar (TMPL) fund manager Nick Purves has highlighted the extraordinary total return yields being generated by undervalued UK stocks such as NatWest (NWG) when they buy back their cheap shares and pay dividends.
In NatWest’s case, that has resulted in a 38% total yield in the past two years.
This is the fourth and last excerpt from our virtual event with Temple Bar, which won ‘Best UK Equity Income Investment Trust’ last week at Citywire’s awards. You can watch the other excerpts on:
Or you can watch the whole one-hour ‘Big Broadcast’ of the whole event:
Can’t watch now? Read the transcript
Nick Purves:
You can combine your dividend yield, which obviously is really important to most investors, with what’s called your buyback yield, the value creation you’re driving from buying back stock. You can combine those to give you what we might call a total return yield for the different geographies.
You can see…
