Wednesday, April 01, 2015

the current dividend yield of the market

What's the current dividend yield of the S&P 500, I wondered.  Look it up.

OK, here's a good site.

The average yield of all S&P 500 stocks is 1.97%.

The highest yielders in the S&P 500 are Integrys Energy Group (3.78%), Weyerhauser (3.77%), Public Serv. Enterprise (3.77%).  Not really all that high.

That doesn't seem right, VZ is yielding 4.0% for example.  Ah, I see S&P 500 complained and they aren't showing all the stocks.

Look it up.  Don't see a list with all the stock, but here's a list of the top ten from January: FCX, WMB, CTL, T, OKE, FTR, NE, ESV, WIN, RIG.  At the time of the writing, RIG was yielding 19.57%.  They have since cut the dividend from $3.00 to $0.60.  Current yield is now 4.0%.

Back to the first site, they also have the yield for the Dow 30 which is a pretty high 2.7%.  The top yielding stock is VZ at 4.65%.  (OK, I better update my spreadsheet for VZ dividend.  My spreadsheet calculates 4.5% for VZ which matches Yahoo's number.  What gives?  Ah, I see their yield is an estimated yield based on the estimated dividend for the coming year.  So they're figuring an increase in the dividend.)

But the current market dividend yield is pretty low historically.

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