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Why Is the Dividend Yield So Low?

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The dividend yield on stocks has dropped sharply over the last decade. Is its drop reflective of irrational exuberance, as some have claimed? This Commentary assesses alternative explanations for the diminished dividend yield.

The dividend yield on stocks has dropped sharply over the last decade. Is its drop reflective of irrational exuberance, as some have claimed? This Commentary assesses alternative explanations for the diminished dividend yield.


Suggested citation: Carlson, John B., 2001. "Why Is the Dividend Yield So Low?" Federal Reserve Bank of Cleveland, Economic Commentary, 04.01.2001.

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