03-03-2014, 07:54 PM
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
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