PORTFOLIO DISCUSSION INVESTMENT INSIGHTS Dividends …

Non-dividend-paying stocks Percent market’s annual total return of 9.7% since 1926, 8.6% of it (which amounts to 89% of the annual figure) came from dividends. Even in shorter time periods, dividend-paying stocks outperformed. Over rolling 10-year periods, higher dividend-paying stocks outperformed lower- and non-dividend-paying ................
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