Dividend Growth Forum

I posted this in the Dividend Growth Investing section, it should probably have gone here...

I have found a number of published studies that illustrate the importance of dividends to investment total return. The first link below is I think the most persuasive, but they all support the theory that dividends play a major role in total return, contrary to the assertions made on behalf of MPT by such proponents as Larry Swedroe.

http://www.heartlandfunds.com/media/View...eturns.pdf

https://server.capgroup.com/capgroup/act...r-2012.pdf

http://www.advisorperspectives.com/newsl...idends.pdf

http://www.pimboston.com/wp-content/uplo...idends.pdf

And here as well:

http://dqydj.net/sp-500-return-calculator/

http://dqydj.net/wilshire-5000-dividend-...alculator/

Another interesting dividend study:

http://www.globalxfunds.com/insights/Div...-12-13.pdf