Page Title

Dividends matter...

Time Frame

Total Return
from Stocks

Contribution
from
appreciation

Contribution
from
dividends

% coming
from
dividends

1960's

7.8%

4.4%

3.3%

43%

1970's

5.9%

1.6%

4.2%

72%

1980's

17.5%

12.6%

4.4%

26%

1990's

18.2%

15.3%

2.5%

14%

2003-2009

5.1%

2.0%

3.1%

61%

1926-2009

9.8%

5.4%

4.1%

43%