In addition, the stock had a dividend yield of 5 percent.
It also has a dividend yield of about 3.6 percent.
But if a bear market does begin from today's levels, it won't be because the market's dividend yield is too low.
Sounds pretty much like an average dividend yield to me.
The market's dividend yield is already lower than at any point in history except for the late 1990's.
The stock, now at $21, has a dividend yield of 3.4 percent.
That meant dividend yield of 3.71 percent, based on prices at the time.
The dividend yield is estimated at slightly more than 4 percent.
"The dividend yield reached 3 percent in January 1992, so the red light has been on for some time," he said.
Their model set out to predict the mean dividend yield.
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