The following chart comes via Political Calculations and it shows past dividends on the S&P 500 and dividend futures through 2013.
First, if you are not reading Political Calculations, start. This is one of the best blogs on the markets and the economy as a whole, and one where you find information presented no where else. Concerning the data, it is strange that no other analyst or market commentator has got their arms around this fact. Flat dividends suggests that economic growth will be at the very least flat. Most commentators I have seen appear bullish on the economy and the stock market.
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