4 ms·
Heading For The Exit Lane
- pg 18y agoReturns in the 70s weren't quite as bad as the DJIA graph suggests, because the companies in that average would have been paying substantial dividends.
- cperciva 18y agoI thought that the DJIA divisor was adjusted for dividends so that the pre-dividend and post-dividend index values were the same (essentially, acting as if investors took any dividend and re-invested it by buying shares of the DJIA constituent companies).
- pg 18y agoIt sounds like they only consider stock dividends that are effectively a form of split.
- deleted 18y ago[deleted]
- tx 18y agoAnyone has the article he's talking about? Scribd won't let me to consume it.
- wave 18y agohttp://research.cibcwm.com/economic_public/download/sjun08.pdf http://research.cibcwm.com/economic_public/download/sjun08.p...