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Data Library

 

Benchmarks

 

U.S. Research Returns

 

U.S. Research Breakpoints

 

U.S. Book Equity Data

 

International Research Returns

Consulting Relationship

Fama / French Forum

 

 

Contact Information

 

 

 

Detail for D/P Breakpoints

Annual Breakpoints:

 

1926-2016

 

 

 

Construction:

 

We compute D/P (in percent) breakpoints at the end of each June. The dividend yield in June of year t is the total dividends paid from July of t-1 to June of t per dollar of equity in June of t.

 

 

 

Stocks:

 

The breakpoints for year t use NYSE stocks for which we have at least seven months (to compute the dividend yield) from July of t-1 to June of t. (Only six monthly returns are required in June 1926.) We do not include stocks that pay no dividends from July of t-1 to June of t.

 

 

 

Percentiles:

 

The file contains every fifth percentile of D/P, from 5% to 100%.

 




 

 

 

Copyright Kenneth R. French