No. of Recommendations: 5
Using GTR1 and SIpro data, dividend does not seem to have much impact on stock selection among S&P 500.
Following is based on holding stocks within S&P 500 for 253 days, starting from 19970902, averaged over all start days.
Hold all stocks yield > 1%, CAGR 9.9, SAWR 7.6 300 stocks average hold
Hold all stocks yield < 1%, CAGR 9.9, SAWR 7.1 200 stocks average hold
Hold 250 stocks with highest yield CAGR 9.8, SAWR 7.6. 250 stocks held
Hold 250 stocks with lowest yield CAGR 9.6, SAWR 7.0. 250 stocks held
Hold stocks with no dividend CAGR 10.2, SAWR 6.8. 100 stocks on average
Hold top 100 yield stocks. CAGR 9.7, SAWR 7.4. 100 stocks held.
Hold all stocks equally, CAGR 9.9, SAWR 7.6. 500 stocks held
https://gtr1.net/2013/?h253::sp500.a:et1:ratio%28d...Craig