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Legible (XCNQ:READ) Total Payout Yield % : -20.82 (As of May. 28, 2024)


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What is Legible Total Payout Yield %?

Total Payout Yield % is the percent a company has paid to its shareholders through net repurchases of shares and dividends based on its Market Cap. It is a measure of shareholder return.

Legible's current Total Payout Yield % is -20.82%.


Legible Total Payout Yield % Historical Data

The historical data trend for Legible's Total Payout Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legible Total Payout Yield % Chart

Legible Annual Data
Trend Jun20 Jun21 Dec22 Dec23
Total Payout Yield %
- - -6.54 -14.42

Legible Quarterly Data
Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Total Payout Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -21.69 - -

Competitive Comparison of Legible's Total Payout Yield %

For the Publishing subindustry, Legible's Total Payout Yield %, along with its competitors' market caps and Total Payout Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Legible's Total Payout Yield % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Total Payout Yield % distribution charts can be found below:

* The bar in red indicates where Legible's Total Payout Yield % falls into.



Legible Total Payout Yield % Calculation

Total Payout Yield % is a measure of shareholder return.

Legible's Total Payout Yield % for the fiscal year that ended in Dec. 2023 is calculated as

Total Payout Yield %=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) / Market Cap
=- (0 + 2.5 + 0) / 17.34304
=-14.42%

Legible's annualized Total Payout Yield % for the quarter that ended in Dec. 2023 is calculated as

Total Payout Yield %=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) * Annualized Factor / Market Cap
=- (0 + 0 + 0) * 4 / 17.34304
=0.00%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Legible Total Payout Yield % Explanation

Similar to Dividend Yield, Total Payout Yield % is a measurement of shareholder return. Dividends is not the only way that companies are able to distribute their excess cash back to the shareholders. The other way to distribute the cash is a stock repurchase. The stock repurchase buys back the company's own shares from the marketplace. This results in a reduced number of oustanding shares, making each share worth a greater percentage of the corporation.


Legible Total Payout Yield % Related Terms

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Legible (XCNQ:READ) Business Description

Traded in Other Exchanges
Address
2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2
Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.
Executives
Angela Jean Doll Senior Officer

Legible (XCNQ:READ) Headlines

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