Skip to:
  1. Main navigation
  2. Main content
  3. Footer
Economic Commentary

Why Is the Dividend Yield So Low?

Download pdf

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.

04.01.2001EC 4/1/2001

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Carlson, John B. 2001. “Why Is the Dividend Yield So Low?” Federal Reserve Bank of Cleveland, Economic Commentary 4/1/2001.

This work by Federal Reserve Bank of Cleveland is licensed under Attribution-NonCommercial 4.0 International