Dividend Income Investing: A Free Cash Flow Perspective

A Note From Our Research Desk | July 2019. YIELD Executive Summary CURVE • We believe dividend income investors should consider both the potential future dividend payout as well as the potential total return (dividend plus net appreciation) when evaluating a strategy. • Stocks with high past dividend yields have generally maintained high payouts, but with drawdowns. • For the total US market (S&P 1500 … ................
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