RT Journal Article
SR Electronic
T1 Market Risk, Size, Style, Momentum,<br/>and Dividends: <em>U.S. Equities</em>
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 46
OP 58
DO 10.3905/jpm.2012.39.1.046
VO 39
IS 1
A1 Francis Gupta
YR 2012
UL https://pm-research.com/content/39/1/46.abstract
AB This article investigates the historical performance of the dividend-paying equity universe within the U.S. from 2000 through 2011 and compares it to the universe of stocks that did not pay dividends. To isolate the performance of the dividend factor, the analysis controls for the following fundamental factors: market risk, size, style, momentum, and sector. Finally, the article highlights the portfolio selection implications of this research for asset managers.TOPICS: Portfolio construction, equity portfolio management, security analysis and valuation