Dividends and FCFE by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2018

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/divfcfe.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry

Industry name Number of firms    Dividends (US $ millions)    Net Income (US $ millions)  Payout Dividends + Buybacks(US $ millions) Cash Return as % of Net Income Dividends + Buybacks - Stock Issuances(US $ millions) FCFE (before debt cash flows)(US $ millions) FCFE (after debt cash flows)(US $ millions) Net Cash Returned/FCFE (pre-debt)(US $ millions) Net Cash Returned/FCFE (post-debt)(US $ millions) Net Cash Returned/ Net Income Cash/ Firm Value
Advertising 40 $855.00 $1,617.90 52.85%  $1,849.36 114.31% $1,541.96 $1,264.77 $1,623.38 121.92% 94.98% 95.31% 5.80%
Aerospace/Defense 87 $10,898.07 $27,578.30 39.52%  $29,830.76 108.17% $27,911.54 $21,656.14 $31,218.32 128.89% 89.41% 101.21% 4.33%
Air Transport 17 $1,784.00 $11,679.41 15.27%  $9,107.66 77.98% $9,014.54 $131.31 $5,099.86 6865.08% 176.76% 77.18% 2.67%
Apparel 51 $1,599.78 $2,063.37 77.53%  $3,781.78 183.28% $3,457.64 $2,005.26 $5,052.60 172.43% 68.43% 167.57% 5.16%
Auto & Truck 18 $4,952.65 $7,127.29 69.49%  $9,634.68 135.18% $8,947.58 -$5,836.25 $30,913.81 NA 28.94% 125.54% 4.88%
Auto Parts 62 $573.42 $4,139.11 13.85%  $1,869.48 45.17% $1,582.96 $1,682.43 $3,182.06 94.09% 49.75% 38.24% 7.19%
Bank (Money Center) 11 $22,164.85 $90,200.76 24.57%  $56,691.93 62.85% $55,061.67 $84,288.13 $105,347.13 65.33% 52.27% 61.04% 9.94%
Banks (Regional) 612 $11,856.91 $38,357.18 30.91%  $27,163.94 70.82% $19,534.44 $30,455.67 $52,270.76 64.14% 37.37% 50.93% 10.04%
Beverage (Alcoholic) 28 $992.90 $4,873.19 20.37%  $2,395.71 49.16% $2,301.73 $3,469.19 $6,648.35 66.35% 34.62% 47.23% 1.20%
Beverage (Soft) 35 $11,066.67 $13,035.06 84.90%  $14,155.06 108.59% $12,153.79 $8,650.13 $15,951.73 140.50% 76.19% 93.24% 4.46%
Broadcasting 27 $805.59 $1,984.98 40.58%  $5,015.15 252.65% $4,356.10 $2,371.60 $12,005.16 183.68% 36.29% 219.45% 7.16%
Brokerage & Investment Banking 42 $4,360.52 $21,141.52 20.63%  $13,192.59 62.40% $11,432.97 -$2,886.90 $58,306.48 NA 19.61% 54.08% 14.84%
Building Materials 39 $615.54 $4,025.42 15.29%  $2,699.11 67.05% $2,045.82 $3,049.67 $2,713.23 67.08% 75.40% 50.82% 3.30%
Business & Consumer Services 169 $1,459.65 $5,543.03 26.33%  $4,101.97 74.00% $3,373.15 $5,335.86 $7,261.14 63.22% 46.45% 60.85% 3.94%
Cable TV 14 $4,245.62 $12,783.38 33.21%  $19,706.97 154.16% $18,770.52 $18,422.92 $29,536.55 101.89% 63.55% 146.84% 1.67%
Chemical (Basic) 38 $505.51 $1,852.52 27.29%  $746.48 40.30% $684.62 $923.54 $1,308.14 74.13% 52.34% 36.96% 5.52%
Chemical (Diversified) 7 $2,635.00 $4,538.30 58.06%  $3,443.00 75.87% $2,311.00 $830.60 $241.60 278.23% 956.54% 50.92% 6.07%
Chemical (Specialty) 99 $4,186.61 $10,523.01 39.79%  $7,672.96 72.92% $6,874.68 $9,223.10 $16,021.61 74.54% 42.91% 65.33% 3.71%
Coal & Related Energy 30 $300.01 $1,907.42 15.73%  $602.47 31.59% $403.52 $2,513.86 $2,398.29 16.05% 16.83% 21.16% 10.94%
Computer Services 111 $6,746.30 $17,499.14 38.55%  $15,439.57 88.23% $14,384.08 $19,730.66 $25,868.59 72.90% 55.60% 82.20% 5.49%
Computers/Peripherals 58 $15,219.60 $52,583.00 28.94%  $53,346.71 101.45% $51,859.10 $54,673.42 $84,763.59 94.85% 61.18% 98.62% 4.44%
Construction Supplies 49 $3,901.57 $6,770.13 57.63%  $6,447.52 95.23% $4,814.02 $3,734.56 $5,144.50 128.90% 93.58% 71.11% 5.64%
Diversified 24 $13,608.22 $38,601.89 35.25%  $15,861.72 41.09% $14,589.37 $34,806.18 $19,703.08 41.92% 74.05% 37.79% 5.48%
Drugs (Biotechnology) 459 $9,956.17 $16,523.35 60.26%  $22,016.92 133.25% $2,261.34 $17,950.57 $22,304.89 12.60% 10.14% 13.69% 5.27%
Drugs (Pharmaceutical) 185 $26,499.28 $31,719.27 83.54%  $38,164.57 120.32% $32,082.42 $41,192.14 $59,065.51 77.88% 54.32% 101.14% 3.65%
Education 34 $72.73 $245.00 29.69%  $489.25 199.69% -$224.78 $87.40 -$367.10 -257.20% NA -91.75% 7.06%
Electrical Equipment 118 $2,066.78 $3,588.96 57.59%  $4,021.16 112.04% $3,517.92 $2,835.76 $1,654.92 124.06% 212.57% 98.02% 5.49%
Electronics (Consumer & Office) 24 $13.30 -$365.57 0.18%  $128.16 NA $94.30 -$471.80 -$226.68 NA NA -25.80% 3.85%
Electronics (General) 167 $1,278.65 $6,322.19 20.22%  $4,928.34 77.95% $3,196.18 $3,506.17 $5,910.97 91.16% 54.07% 50.55% 7.80%
Engineering/Construction 49 $383.20 $2,268.20 16.89%  $978.48 43.14% $743.29 $1,542.16 $1,492.05 48.20% 49.82% 32.77% 8.14%
Entertainment 90 $5,394.06 $18,094.72 29.81%  $15,222.04 84.12% $11,822.43 $4,155.56 $8,177.61 284.50% 144.57% 65.34% 4.23%
Environmental & Waste Services 87 $1,496.53 $2,103.48 71.15%  $3,076.86 146.27% $2,327.38 $2,403.75 $2,731.36 96.82% 85.21% 110.64% 0.93%
Farming/Agriculture 34 $2,038.44 $5,002.06 40.75%  $3,436.73 68.71% $2,806.10 $871.17 $6,536.06 322.11% 42.93% 56.10% 6.02%
Financial Svcs. (Non-bank & Insurance) 264 $8,204.29 $53,640.47 15.29%  $21,228.77 39.58% $19,512.56 $44,809.87 -$330,117.17 43.55% NA 36.38% 2.38%
Food Processing 87 $9,961.75 $16,931.98 58.83%  $18,437.52 108.89% $17,174.38 $14,405.30 $23,435.39 119.22% 73.28% 101.43% 1.58%
Food Wholesalers 15 $742.30 $1,605.99 46.22%  $2,615.25 162.84% $2,345.65 $1,467.09 $2,446.64 159.88% 95.87% 146.06% 1.76%
Furn/Home Furnishings 31 $620.27 $2,665.57 23.27%  $1,841.74 69.09% $1,760.59 $1,158.05 $1,442.96 152.03% 122.01% 66.05% 3.22%
Green & Renewable Energy 22 $162.80 $22.13 735.69%  $163.83 740.36% $110.13 $219.11 $261.96 50.26% 42.04% 497.65% 4.47%
Healthcare Products 251 $4,650.49 $12,597.93 36.91%  $9,515.98 75.54% $905.36 $12,791.61 $34,758.33 7.08% 2.60% 7.19% 5.87%
Healthcare Support Services 115 $5,821.16 $31,234.81 18.64%  $26,575.37 85.08% $24,294.44 $27,761.44 $19,956.64 87.51% 121.74% 77.78% 8.35%
Heathcare Information and Technology 112 $532.53 $5,714.73 9.32%  $7,192.68 125.86% $4,055.00 $6,359.50 $12,510.29 63.76% 32.41% 70.96% 3.37%
Homebuilding 32 $458.19 $5,483.74 8.36%  $3,865.70 70.49% $2,548.59 $2,286.70 $2,102.57 111.45% 121.21% 46.48% 4.82%
Hospitals/Healthcare Facilities 35 $194.73 $806.65 24.14%  $2,756.08 341.67% $2,672.31 -$5,866.30 -$4,570.84 NA NA 331.29% 1.75%
Hotel/Gaming 70 $5,601.55 $8,882.36 63.06%  $10,429.05 117.41% $10,205.42 $9,737.12 $13,123.51 104.81% 77.76% 114.90% 3.22%
Household Products 131 $12,021.93 $24,230.41 49.62%  $16,133.85 66.59% $13,037.82 $22,891.13 $27,905.86 56.96% 46.72% 53.81% 2.31%
Information Services 61 $5,662.09 $20,772.76 27.26%  $23,135.45 111.37% $21,759.45 $22,406.34 $29,847.64 97.11% 72.90% 104.75% 4.07%
Insurance (General) 21 $3,146.20 $3,110.47 101.15%  $15,042.01 483.59% $14,750.05 $5,613.73 $5,791.61 262.75% 254.68% 474.21% 3.99%
Insurance (Life) 25 $6,737.11 $10,242.68 65.77%  $15,616.80 152.47% $14,353.17 $8,647.09 $9,946.16 165.99% 144.31% 140.13% 12.71%
Insurance (Prop/Cas.) 50 $3,940.23 $9,238.93 42.65%  $7,583.55 82.08% $6,508.42 $10,512.57 $13,315.54 61.91% 48.88% 70.45% 4.06%
Investments & Asset Management 165 $7,398.20 $20,366.45 36.33%  $17,556.85 86.20% $11,689.90 $16,628.11 $32,916.33 70.30% 35.51% 57.40% 13.70%
Machinery 126 $3,494.36 $11,609.81 30.10%  $6,343.38 54.64% $4,280.36 $10,879.97 $16,670.97 39.34% 25.68% 36.87% 3.69%
Metals & Mining 102 $443.60 $2,388.52 18.57%  $537.46 22.50% -$686.04 $1,664.35 -$2,515.59 -41.22% NA -28.72% 6.75%
Office Equipment & Services 24 $419.94 $509.88 82.36%  $578.01 113.36% $524.65 $544.49 $1,497.99 96.36% 35.02% 102.90% 10.21%
Oil/Gas (Integrated) 5 $23,302.00 $20,051.00 116.21%  $24,079.00 120.09% $23,110.00 $27,996.00 $19,588.00 82.55% 117.98% 115.26% 1.70%
Oil/Gas (Production and Exploration) 311 $3,794.65 -$10,460.54 0.83%  $6,294.17 NA -$9,568.89 -$39,595.61 -$51,285.63 NA NA 91.48% 4.89%
Oil/Gas Distribution 16 $3,051.58 $983.53 310.27%  $2,276.05 231.42% -$1,714.84 -$4,665.62 -$6,673.94 NA NA -174.36% 1.53%
Oilfield Svcs/Equip. 130 $7,955.63 $3,283.83 242.27%  $13,653.97 415.79% $1,884.54 $4,271.61 $492.29 44.12% 382.81% 57.39% 5.93%
Packaging & Container 25 $2,378.70 $6,008.30 39.59%  $4,720.21 78.56% $4,515.46 $5,007.23 $6,589.74 90.18% 68.52% 75.15% 3.01%
Paper/Forest Products 21 $245.97 $526.23 46.74%  $292.28 55.54% $285.17 $551.40 $83.18 51.72% 342.82% 54.19% 5.94%
Power 61 $20,062.22 $43,859.60 45.74%  $20,333.80 46.36% $13,749.08 -$1,408.82 $19,228.80 NA 71.50% 31.35% 1.75%
Precious Metals 111 $239.21 $375.03 63.78%  $242.47 64.65% $5.67 $80.86 -$1,260.73 7.02% NA 1.51% 10.39%
Publishing & Newspapers 41 $784.71 -$557.14 0.63%  $993.39 NA $706.82 $119.81 -$687.49 589.94% NA -126.87% 7.84%
R.E.I.T. 244 $44,674.22 $42,600.13 104.87%  $39,684.85 93.16% $396.92 $75,254.97 $113,047.32 0.53% 0.35% 0.93% 2.00%
Real Estate (Development) 20 $0.00 $194.90 0.00%  $-   0.00% -$22.76 $203.36 $251.06 -11.19% -9.07% -11.68% 9.13%
Real Estate (General/Diversified) 10 $17.05 $61.08 27.91%  $162.91 266.70% -$276.13 $104.92 $154.14 -263.18% -179.14% -452.05% 13.84%
Real Estate (Operations & Services) 60 $168.03 $1,697.32 9.90%  $522.30 30.77% $305.21 $1,913.79 $2,338.60 15.95% 13.05% 17.98% 5.89%
Recreation 70 $1,566.36 $779.95 200.83%  $2,990.94 383.48% $2,743.20 $553.89 $1,360.35 495.26% 201.65% 351.71% 4.48%
Reinsurance 3 $111.40 $977.04 11.40%  $175.00 17.91% $166.98 $285.09 -$167.61 58.57% NA 17.09% 7.80%
Restaurant/Dining 81 $6,249.75 $12,226.10 51.12%  $20,363.29 166.56% $19,478.25 $10,378.40 $15,696.60 187.68% 124.09% 159.32% 1.85%
Retail (Automotive) 25 $223.93 $4,873.79 4.59%  $5,264.09 108.01% $4,459.08 $2,292.89 $6,164.45 194.47% 72.34% 91.49% 0.99%
Retail (Building Supply) 8 $5,271.76 $12,081.03 43.64%  $17,279.19 143.03% $16,697.80 $12,480.59 $15,386.62 133.79% 108.52% 138.22% 1.21%
Retail (Distributors) 92 $1,756.74 $5,815.48 30.21%  $3,904.52 67.14% $3,076.75 -$130.69 -$1,386.64 NA NA 52.91% 2.07%
Retail (General) 18 $9,781.85 $19,750.60 49.53%  $21,464.53 108.68% $21,249.67 $25,622.95 $22,928.07 82.93% 92.68% 107.59% 2.88%
Retail (Grocery and Food) 14 $542.25 $2,579.44 21.02%  $2,702.05 104.75% $2,637.96 $1,606.99 $2,192.05 164.16% 120.34% 102.27% 1.61%
Retail (Online) 61 $577.91 $8,940.79 6.46%  $3,427.79 38.34% $2,767.18 $12,446.61 $31,301.60 22.23% 8.84% 30.95% 3.21%
Retail (Special Lines) 106 $7,903.17 $19,750.46 40.02%  $27,993.69 141.74% $26,831.08 $22,469.36 $15,113.22 119.41% 177.53% 135.85% 3.41%
Rubber& Tires 4 $123.10 $1,193.10 10.32%  $723.80 60.67% $679.52 $510.58 $841.87 133.09% 80.72% 56.95% 6.12%
Semiconductor 72 $12,675.60 $33,817.75 37.48%  $24,375.76 72.08% $20,192.50 $16,007.23 $33,778.41 126.15% 59.78% 59.71% 7.82%
Semiconductor Equip 45 $1,251.00 $8,376.43 14.93%  $3,757.10 44.85% $3,267.63 $6,879.28 $7,352.83 47.50% 44.44% 39.01% 8.36%
Shipbuilding & Marine 9 $33.40 -$87.57 0.10%  $52.00 NA -$61.60 -$404.13 $11.93 NA -516.16% 70.34% 2.51%
Shoe 11 $1,235.03 $4,334.39 28.49%  $264.44 6.10% $227.17 $5,077.56 $4,658.58 4.47% 4.88% 5.24% 4.64%
Software (Entertainment) 13 $229.00 $2,393.86 9.57%  $911.10 38.06% $634.03 $2,554.63 $544.16 24.82% 116.52% 26.49% 6.76%
Software (Internet) 305 $123.28 $46,216.78 0.27%  $12,069.56 26.12% $8,829.18 $33,380.58 $37,599.37 26.45% 23.48% 19.10% 2.12%
Software (System & Application) 255 $16,347.88 $32,512.25 50.28%  $38,774.30 119.26% $29,568.54 $32,094.66 $50,356.13 92.13% 58.72% 90.95% 3.75%
Steel 37 $1,036.85 $3,026.40 34.26%  $1,521.61 50.28% $332.45 $1,689.67 $856.77 19.68% 38.80% 10.98% 7.06%
Telecom (Wireless) 18 $94.54 $854.31 11.07%  $112.75 13.20% -$135.96 -$1,491.43 -$1,662.43 NA NA -15.91% 3.88%
Telecom. Equipment 104 $6,476.64 $14,751.77 43.90%  $15,107.86 102.41% $13,037.10 $13,070.53 $14,250.35 99.74% 91.49% 88.38% 6.81%
Telecom. Services 66 $23,209.93 $27,496.04 84.41%  $23,829.54 86.67% $23,606.72 $22,853.38 $77,321.14 103.30% 30.53% 85.85% 6.13%
Tobacco 24 $11,471.10 $22,742.25 50.44%  $14,361.38 63.15% $14,292.68 $20,590.22 $24,271.28 69.41% 58.89% 62.85% 3.05%
Transportation 18 $3,635.00 $7,678.70 47.34%  $6,834.96 89.01% $5,708.35 $296.82 $4,928.39 1923.14% 115.83% 74.34% 3.00%
Transportation (Railroads) 8 $3,390.60 $8,887.27 38.15%  $10,641.35 119.74% $10,242.85 $5,601.40 $8,020.71 182.86% 127.71% 115.25% 1.28%
Trucking 30 $350.24 $1,275.51 27.46%  $1,017.85 79.80% $501.46 -$5,918.20 -$5,890.01 NA NA 39.31% 2.99%
Utility (General) 18 $8,361.58 $10,954.00 76.33%  $8,350.08 76.23% $5,467.72 -$9,139.43 $704.77 NA 775.81% 49.92% 0.58%
Utility (Water) 23 $557.86 $957.97 42.94%  $618.89 64.60% $440.96 -$883.06 $283.94 NA 155.30% 46.03% 0.74%
Total Market 7247 $486,008.53 $1,131,762.37 42.94%  $986,513.19 87.17% $778,150.99 $890,096.27 $1,009,268.56 87.42% 77.10% 68.76% 4.73%
Total Market (without financials) 6057 $418,200.22 $885,463.92 47.23%  $812,436.76 91.75% $625,307.82 $692,028.00 $1,061,491.73 90.36% 58.91% 70.62% 3.95%


Updated in January 2018

By Aswath Damodaran