What We're Showing
This visualization compares the share of total investment returns generated by dividends versus price appreciation across global regions over the past 20 years.
The data comes from Goldman Sachs, and analyzes MSCI regional indices.
Key Takeaways
- In the UK, 75% of total returns came from dividends, reflecting a market with slower capital growth but a strong emphasis on steady cash payouts.
- The U.S. had the lowest dividend contribution at 37%, as its returns have been driven more by price gains fueled by tech stocks, growth investing, and buybacks.
- Regions like Asia and Europe fall in between, where dividend returns make up around two-thirds of total gains, suggesting a blend of income-oriented markets and moderate growth.
