GOLDMAN: Here are the 14 best stocks for fat dividends and huge buybacks

And so with Goldman seeing stock prices get near their target, the firm has a basket of stocks that return cash through buybacks and dividends.

We've highlighted the stocks in Goldman's "Total Cash Return to Shareholders" basket, which provides investors more than a 14% total yield on a trailing 12-month basis.

"The current constituents of the 50-stock equal-weighted sector-neutral basket have a median combined shareholder yield of 12% compared with 5% for the median S&P 500 company," Kostin wrote.

Total yield is calculated as the sum of gross buybacks and dividends as a share of market cap.

Note: they are not intended to serve as a well-diversified portfolio.