How free cash flow yield is used: Apple stock buyback For an example of how this works in the real world, let’s take a look at Apple (AAPL 2.25%), one of the biggest companies in the world.

Its buyback yield of over 21% through the last 12 months is the highest among all U.S. large-cap stocks. While valued at $43 billion, the company has spent $9 billion on buybacks.

But NOAH's New Share Buyback Plan Could Boost Its Shareholder Yield Noah Holdings disclosed a new two-year $50 million share buyback plan on the same day as its Q2 2024 results announcement.

That will give it more flexibility to opportunistically repurchase its cheap shares. The company bought back $303 million of its stock at an average price of $127.61 per share in the second quarter.

With the U.S. 2-Year Treasury Yield sitting at 3.402% as of Friday, investors may want to hunt for stocks offering high dividend yields or elevated dividend payments per share.