Focus on Total Return

Below is a synopsis of this investment report:

  • Total return for a stock consists of two components: income paid (dividends) and capital appreciation (stock price increase).
  • Studies show that dividends have comprised over 50% of the total return of the stock market over the past 70+ years.
  • High dividend yielding stocks have experienced strong price appreciation over the last four years but recently they have lagged.
  • We expect the weakness in dividend paying stocks to be short lived with the dividend contribution to total return resuming its level of benefit to the long term investor.


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