The average return of dividend paying stocks in the S&P 500 Index are having difficulty keeping pace with the return of the non-paying issues. For the month of August, the payers average return lagged the non-payers by 170 basis points (or 1.70 percentage points.) Year to date the return gap is much wider with the non-payers average return totaling 46.19% versus the payers YTD return of 12.59%.
The sector returns as well as dividend actions by sector are detailed in the below chart.
(click to enlarge)