When 3% is > 5%
Over time, stocks issued by companies that pay dividends — and especially those that grow dividends — outperformed stocks issued by companies that cut dividends or fail to declare dividends at all.
Historical annualized total returns for all stocks in the S&P 500® Index, grouped by dividend-paying status for the period Jan. 31, 1972–Dec. 31, 2013
Source: Ned Davis Research, January 2014
Past performance does not guarantee future results.
Chart is for illustrative purposes only.
*Company dividend classification is based on dividend activity over the past 12 months. These classifications are typically updated by Standard & Poor’s on a monthly basis.
There is no guarantee that dividend-paying stocks will continue to pay dividends.
The S&P 500 Index measures the performance of 500 mostly large-cap stocks weighted by market value, and is often used to represent performance of the U.S. stock market.
Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.
Learn more about Delaware Dividend Income Fund