Market Briefing: S&P 500 Revenues, Earnings, & Dividends
(1) Free cash flow yield assumes market capitalization (based on share price as of 2/14/20) multiplied by expected shares out standing at year- end 2020 (~340 mm shares). Note: Free cash flow represents operating cash flow less capital requirements before dividend. Calculation assumes the completion of debt reduction program by mid-year 2020 and ................
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