S&P 500 Dividend Yield and U.S. 10-Year Treasury Yield The relative advantage that the S&P 500 dividend yield has held over the U.S. 10-year Treasury yield has completely disappeared. Image: Piper Sandler
U.S. and European Equities – % of Corporates Whose Dividend Yield is Above the Corporate Bond Yield U.S. and European equities look cheap relative to corporate debt. Image: Goldman Sachs Global Investment Research
S&P 500 Dividend Yield vs. 10-Year Treasury Yield The U.S. 10-year Treasury yield is now above the S&P 500’s dividend yield. Image: CNBC
Performance – Dividend Yield Secure yield tends to outperform in the long run. Image: BofA US Equity & Quant Strategy
Rising Rate Environments – S&P 500 Dividend Aristocrats vs. S&P 500 Index Rising rate environments tend to favor dividend aristocrats. Image: Morgan Stanley Wealth Management
Percent of S&P 500 Stocks with a Dividend Yield Above Stated Levels vs. 10-Year Treasury Yield If the 10-year yield rises to 1.75% by year-end, only 44% of S&P 500 stocks will have a dividend yield higher than the 10-year Treasury yield. Image: BofA US Equity & Quant Strategy
S&P 500 Dividend Yield Divided by 10-Year Treasury The S&P 500 dividend yield could be less attractive relative to the 10-year Treasury, if the 10-year yield rises to 1.75% by year-end. Image: BofA US Equity & Quant Strategy
Corporate Bond Yields vs. Dividend Yields Corporate bond yields are low compared to equity dividend yields. Image: Goldman Sachs Global Investment Research
333 S&P 500 Dividend Actions YTD S&P 500 dividend increases are back on track. Image: Goldman Sachs Global Investment Research
S&P 500 Dividends per Share S&P 500 realized 10-year dividend growth has never registered a CAGR of less than 2.2% since 1951. According to Goldman Sachs, the 2023 dividend contract looks attractive. Image: Goldman Sachs Global Investment Research