PORTFOLIO DISCUSSION INVESTMENT INSIGHTS ... - J.P. …

so, dividend-paying stocks within the S&P 500 have outperformed non-dividend-paying stocks—in many cases, by a significant margin. As shown in Exhibit 3 (next page), companies that initiated and grew their dividends posted Source: Bloomberg. Data as of December 31, 2012. Dividend Yield: Trailing 12-month gross dividends divided by price. ................
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