Dividends Propel This Version of S&P 500 to Sixth Record: Chart

Should Investors Take a Bearish Stance on U.S. Equities?

The S&P 500 Index has languished more than a year without setting a fresh all-time high, but a version of the gauge that includes dividend returns has reached its sixth record in as many weeks. That contrasts with last year, when both measures were on winning streaks -- the S&P 500 hitting 10 highs in the span of about five months as the total return gauge achieved 13. The dividend yield for companies in both measures has climbed to 2.16 percent from 1.99 percent a year ago, bolstering the total return index.

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