Dividend Plays Abound as S&P 500 Yields Beat Treasuries
“The dividend theme has yet to run its course” in U.S. stocks, David Rosenberg, Gluskin Sheff & Associates Inc.’s chief economist and strategist, wrote Thursday in a report. To show why, Rosenberg compared dividend yields for the S&P 500 Index’s 10 main industry groups with yields on Treasury notes. The lowest industry yield, 1.57 percent for technology stocks, equaled the 10-year note’s yield as of Thursday. The next lowest, for consumer-discretionary and health-care shares, topped the 10-year by about 0.1 percentage point.