Within the S&P 500 Index, the companies in the financial sector contribute a great deal to the dividend composition of the Index:
- 98.8% of the companies in the financial sector pay a dividend (77 out of 78 companies).
- dividend paying issues account for 99.7% of the financial sector market value.
- the dividend paying stocks in the financial sector account for 28.7% of the dividend contribution of the Index
- the telecommunications sector carries the highest yield at 3.84%