curve from market dividend futures, we aggregate equity yields of individual firms over the market. This approach allows …

We empirically decompose the S&P 500's dividend yield into (1) a rational forecast of long-run real dividend growth, (2 …) the subjectively expected risk premium, and (3) residual mispricing attributed to the market's forecast of dividend growth …

The dividend month premium is the phenomenon that firms have abnormal returns in predicted dividend month. This study … aims to examine the dividend month premium in the Korean stock market, using common stocks listed on the KOSPI and KOSDAQ … abnormal returns in predicted dividend months, and even for the within-firm portfolio that buys stocks in the predicted …

to obtain a term structure of expected dividend growth rates and a term structure of risk premia, which allows us to … decompose the equity risk premium by maturity. We find that both expected dividend growth rates and risk premia exhibit … substantial variation over time, particularly for short maturities. In addition to predicting dividend growth, equity yields help …

We study a new data set of dividend derivatives with maturities up to 10 years across three world regions: the US … yields to obtain a term structure of expected dividend growth rates and a term structure of risk premia, which decomposes the … slope of the term structure of expected dividend growth rates is counter-cyclical. The comovement of yields across regions …

stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized …% for the top 30% of the wealth distribution. Households' consumption is significantly more responsive to dividend payouts …

stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized … a flat 5 percent for the rest of the distribution. Households' consumption is significantly more responsive to dividend …