Over the following 16 years, the dividend yield declined to just 1.4% during 1998, because stock prices increased faster than dividend payments from earnings, and public company earnings increased slower than stock prices.
The dividend yield declined to just 1.4% during 1998. This was over the following 16 years. Stock prices increased faster than dividend payments from earnings. Public company earnings increased slower than stock prices. This was over the following 16 years.