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Putting that into real money, £100 invested in the stockmarket at the start of the decade would have grown to just £111, even taking account of dividends - a performance well below gilts, corporate bonds and cash.
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Account for dividends on a cash -- rather than accrual -- basis.
A lot of time was spent adjusting prices to take account of share splits, dividends, delistings and so on.
Charles Lee, an economist at Cornell University, has developed a new measure of price to value that takes account of interest rates, dividends and earnings forecasts.
The superrich also accounted for a disproportionate amount of dividend income, which averaged over $26 million for the top 400, or over 6 percent of total dividend income, also a record.
Bank of America disappointed investors by reporting a loss of $1 billion in the third quarter before accounting for dividends to preferred shareholders.
If you look at the last 20 years, the reinvestment of dividends accounted for more than 50% of total market returns for the MSCI All Country Asia Pacific Index.
This finding indicates that the delegation of decision rights plays a role in how corporations account for dividend taxation.
When assessing the desirability of profit shifting from the firm owner perspective, optimal decision making would require one to account for dividend and repatriation taxes.
Don't forget to account for dividend reinvestment.
Second, while firms listed on the New York Stock Exchange account for about two-thirds of dividend payers, they account for over 95% of the dollar value of dividends paid.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com