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Cash payback

Price divided by the annual dividend: the years of dividends it takes for cash received to equal what you paid, if every dividend is declared and the rate holds. A $90 share paying $10 a year has a cash payback of 9 years.

It ignores the time value of money. The Yield Desk bench also shows a discounted payback at a hurdle rate you choose, which is longer and never arrives if the hurdle is at or above the effective yield.

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