I am reviewing the quarterly earnings results available on the Standard and Poors website now that more than 98% of companies in the S&P 500 have reported earnings through June. S&P 500 trailing 12-month earnings are $104 as of June 30, and the 12-month forward forecast (which, right or wrong, is what the market actually prices) is for $124.

The most interesting thing to me was the dividend yield. S&P 500 trailing 12-month dividends were $47.22 as of June 30, which computes to a 1.95% dividend yield on the June 30 index close of 2423. The attached graph shows that the dividend yield (the blue line) has stayed in a narrow band around 2% since 2010, rising higher during the occasional selloff.





Speak your mind

1 Comment so far

  1. Andre on September 10, 2017 5:52 pm

    Not much hurricane activity sine 2008 market crash when many Wall Street people moved to Florida. Far fetched but is this the turn of events like earth quake in California that has lead to crash i.e. Natural disasters leading to panic?


Resources & Links