Historical Dividend Studies

[Be Here Now]

I have found a number of published studies that illustrate the importance of dividends to investment total return. The first link below is I think the most persuasive, but they all support the theory that dividends play a major role in total return, contrary to the assertions made on behalf of MPT by such proponents as Larry Swedroe.

http://www.heartlandfunds.com/media/View...eturns.pdf

https://server.capgroup.com/capgroup/act...r-2012.pdf

http://www.advisorperspectives.com/newsl...idends.pdf

http://www.pimboston.com/wp-content/uplo...idends.pdf