S&P 500 Monthly Dividend Yield

Here’s a chart you don’t see often. It’s the monthly dividend yield of the S&P 500. The problem with the normal yield chart is that it’s usually based on the trailing 12 months.

The trailing one-month shows an obvious pattern. The first month of the quarter (January, April, July, October) usually has the lowest yield. The middle month (February, May, August, November) has the highest yield. The final month’s yield is usually slightly above the first month’s.

I think it’s interesting that the yield jumped when the market plunged. Since then, however, it’s fallen back roughly to where it had been before the crisis.

Posted by on January 4th, 2011 at 9:55 am


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