Do Stocks with Dividends Outperform the Market during Recessions?

Author(s)

Albert A. Williams, Nova Southeastern UniversityFollow
Mitchell Miller

Document Type

Article

Publication Title

Journal of Accounting and Finance

ISSN

2249-3964

Publication Date

2013

Abstract/Excerpt

This study compared the returns of stocks with dividends with the returns of the market. It compared the S&P 500 Dividend Aristocrat Index with the S&P 500 Index. Results showed that over the recovery and recessionary phases of the last two business cycles, the S&P 500 Dividend Aristocrat Index outperformed the S&P 500 Index by 6.45 percent per annum. This implies that stocks with dividends outperformed the market in recessions.

Volume

13

Issue

1

First Page

58

Last Page

69

NSUWorks Citation

Williams, Albert A. and Miller, Mitchell, "Do Stocks with Dividends Outperform the Market during Recessions?" (2013). HCBE Faculty Articles. 804.
https://nsuworks.nova.edu/hcbe_facarticles/804