7/22/2025
By Charles Payne CEO & Principal Analyst

Each month, I remind investors of the power of owning dividend growers, and I hope we don’t get a bear market to prove that point.

The stock market rally and the short-term nature of investing for everyone, from funds to novices, have focused almost exclusively on share buybacks.

Right now, S&P 500 (SPX) dividend yields are at levels that scream the overall stock market is overbought.

When comparing the S&P 500 dividend yield to the ten-year treasury, the narrative becomes even more curious. From Deutsche Bank (DB):

“Before 1958, dividend yields were consistently higher than government #bond yields. #Equities were seen as inherently risky, lacking diversification, regulatory oversight, or corporate transparency.

Investors demanded a high dividend yield as compensation. On top of that, dividends often enjoyed more favorable tax treatment than today, reinforcing the view that income was the most reliable path to long-term returns" - Deutsche Bank (DB).

In addition to binding, money markets have attracted trillions of dollars. These things will reverse at some point.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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