Investment Strategies & Instruments
Do High-Dividend Stocks Beat the Market? 99 Years of US Data, Before and After Value
From July 1927 to September 2026 the highest-yielding 30% of US stocks compounded at 11.34% a year against 10.26% for the market. Most of that edge is the value premium: after size and value, 0.21 points a year are left. The top 10% by yield did worse than the next two groups, with more risk.