Mebane Faber (Cambria) has launched an interesting ETF today :

->The Cambria Shareholder Yield ETF is an actively managed fund that employs the manager's quantitative algorithm to select U.S. listed companies that show strong characteristics in returning free cash flow to their shareholders. Specifically, SYLD invests in 100 stocks with market caps greater than $200 million that rank among the highest in (a) paying cash dividends, (b) engaging in net share repurchases, and (c) paying down debt on their balance sheets

If you want to do your own homework, you can use our shareholder yield screen:

Shareholder Yield Stock Screener

Shareholder yield can be an excellent extra filtering criteria for the quantitative value investor

More info on cambria's fund can be found here

Philip Vanstraceele