Johnson Asset Management: Equity Income Investing: Beyond Dividend Yield, 2022

White paper examines the shortfalls of equity income strategies that focus on dividend yield alone.

Summary: See Figure 11 – “Return and Risk Profiles” on Page 11.

“Historical return research validates taking this more integrated approach as the companies that grew dividends and had positive shareholder yields achieved stronger absolute and risk-adjusted returns (Figure 11).”

asfasdfasdf