RESEARCH ARTICLES


Dividends Most Significant Component in Returns on Investment
[Jan 17 ’07]

The Future for Investors was written by Jeremy Siegel who did a study of dividend-paying and other equities. He found that, adjusting for inflation and considering the period from 1871 through 2003, a full 97% of the total return to investors in U.S. stocks came from reinvesting dividends. Only 3 per cent resulted from capital gains.