Dividends
and FCFE by Sector (US)Data Used: Multiple data services
Date of Analysis: Data used is as of January 2024
Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/divfcfe.xls
For global datasets: https://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 | Net Income | Payout | Dividends + Buybacks | Cash Return as % of Net Income | Dividends + Buybacks - Stock Issuances | FCFE (before debt cash flows) | FCFE (after debt cash flows) | Net Cash Returned/FCFE (pre-debt) | Net Cash Returned/FCFE (post-debt) | Net Cash Returned/ Net Income | Cash/ Firm Value |
| Advertising | 57 | $1,059.36 | $374.54 | 282.84% | $ 3,012.20 | 804.24% | $2,785.50 | $804.69 | $730.31 | 346.16% | 381.41% | 743.72% | 7.25% |
| Aerospace/Defense | 70 | $10,325.45 | $19,229.93 | 53.69% | $ 25,778.40 | 134.05% | $23,948.22 | $19,490.32 | $28,192.20 | 122.87% | 84.95% | 124.54% | 2.90% |
| Air Transport | 25 | $503.10 | $6,398.10 | 7.86% | $ 986.34 | 15.42% | $492.53 | -$6,629.10 | -$16,465.49 | NA | NA | 7.70% | 10.71% |
| Apparel | 38 | $1,691.36 | $2,255.65 | 74.98% | $ 3,578.14 | 158.63% | $3,439.83 | $2,681.13 | $1,768.20 | 128.30% | 194.54% | 152.50% | 5.89% |
| Auto & Truck | 34 | $5,839.10 | $16,467.08 | 35.46% | $ 8,873.28 | 53.88% | $3,033.75 | $2,699.44 | $22,530.55 | 112.38% | 13.47% | 18.42% | 5.29% |
| Auto Parts | 39 | $705.75 | $1,555.70 | 45.37% | $ 1,237.74 | 79.56% | $851.49 | -$381.75 | -$236.71 | NA | NA | 54.73% | 6.92% |
| Bank (Money Center) | 15 | $34,903.05 | $143,409.88 | 24.34% | $ 36,941.00 | 25.76% | $35,908.59 | $123,256.77 | $445,807.27 | 29.13% | 8.05% | 25.04% | 37.13% |
| Banks (Regional) | 625 | $18,260.63 | $57,038.42 | 32.01% | $ 23,938.60 | 41.97% | $22,740.30 | $48,787.64 | $140,757.35 | 46.61% | 16.16% | 39.87% | 21.61% |
| Beverage (Alcoholic) | 19 | $1,374.50 | $2,515.80 | 54.63% | $ 1,909.32 | 75.89% | $1,784.73 | -$37.34 | $956.31 | NA | 186.63% | 70.94% | 1.43% |
| Beverage (Soft) | 29 | $15,531.30 | $23,394.15 | 66.39% | $ 19,583.24 | 83.71% | $18,775.90 | $17,197.52 | $24,321.50 | 109.18% | 77.20% | 80.26% | 3.51% |
| Broadcasting | 22 | $1,166.89 | -$1,028.55 | 0.22% | $ 4,534.39 | NA | $4,527.42 | -$16,117.53 | -$17,577.78 | NA | NA | -440.18% | 8.62% |
| Brokerage & Investment Banking | 27 | $12,346.39 | $28,366.14 | 43.53% | $ 26,575.42 | 93.69% | $26,250.20 | -$33,871.13 | $27,644.69 | NA | 94.96% | 92.54% | 24.54% |
| Building Materials | 44 | $3,011.12 | $10,376.23 | 29.02% | $ 9,197.96 | 88.64% | $9,031.81 | $12,760.34 | $10,175.59 | 70.78% | 88.76% | 87.04% | 4.06% |
| Business & Consumer Services | 162 | $8,152.71 | $13,637.17 | 59.78% | $ 20,753.97 | 152.19% | $18,450.38 | $15,055.73 | $18,512.43 | 122.55% | 99.66% | 135.29% | 3.09% |
| Cable TV | 10 | $5,197.00 | $23,701.30 | 21.93% | $ 20,472.10 | 86.38% | $20,434.10 | $18,803.00 | $23,671.50 | 108.67% | 86.32% | 86.22% | 1.54% |
| Chemical (Basic) | 32 | $5,979.30 | $4,555.08 | 131.27% | $ 8,011.66 | 175.88% | $7,745.28 | $3,190.90 | $4,629.70 | 242.73% | 167.30% | 170.04% | 6.65% |
| Chemical (Diversified) | 4 | $317.00 | -$131.85 | 1.04% | $ 1,202.40 | NA | $1,180.40 | $499.89 | $822.18 | 236.13% | 143.57% | -895.26% | 8.43% |
| Chemical (Specialty) | 68 | $7,981.39 | $24,004.23 | 33.25% | $ 17,831.83 | 74.29% | $17,047.94 | $13,183.49 | $13,467.15 | 129.31% | 126.59% | 71.02% | 3.50% |
| Coal & Related Energy | 18 | $248.95 | $1,642.62 | 15.16% | $ 855.04 | 52.05% | $553.65 | $1,405.70 | $920.83 | 39.39% | 60.13% | 33.71% | 12.53% |
| Computer Services | 72 | $7,387.79 | $12,944.54 | 57.07% | $ 13,418.51 | 103.66% | $13,033.39 | $16,459.25 | $19,467.32 | 79.19% | 66.95% | 100.69% | 4.69% |
| Computers/Peripherals | 36 | $18,324.54 | $105,048.42 | 17.44% | $ 105,752.02 | 100.67% | $105,313.57 | $98,759.81 | $86,819.07 | 106.64% | 121.30% | 100.25% | 1.54% |
| Construction Supplies | 45 | $4,982.77 | $21,014.31 | 23.71% | $ 9,545.70 | 45.42% | $9,325.36 | $10,955.02 | $13,521.47 | 85.12% | 68.97% | 44.38% | 3.94% |
| Diversified | 23 | $6,830.39 | $83,700.19 | 8.16% | $ 21,665.28 | 25.88% | $20,581.03 | $78,445.68 | $76,936.93 | 26.24% | 26.75% | 24.59% | 4.36% |
| Drugs (Biotechnology) | 572 | $18,656.01 | -$22,460.70 | 0.09% | $ 28,116.03 | NA | -$825.00 | -$5,882.58 | $10,770.27 | NA | -7.66% | 3.67% | 8.15% |
| Drugs (Pharmaceutical) | 245 | $38,968.19 | $55,701.98 | 69.96% | $ 56,847.97 | 102.06% | $51,325.51 | $69,639.76 | $96,340.10 | 73.70% | 53.28% | 92.14% | 2.90% |
| Education | 31 | $97.12 | $255.05 | 38.08% | $ 1,063.14 | 416.83% | $968.89 | -$88.48 | -$810.69 | NA | NA | 379.88% | 6.85% |
| Electrical Equipment | 103 | $2,451.02 | $14,268.50 | 17.18% | $ 8,318.20 | 58.30% | $5,202.49 | $9,138.63 | $11,073.83 | 56.93% | 46.98% | 36.46% | 6.66% |
| Electronics (Consumer & Office) | 13 | $0.00 | -$196.81 | 0.00% | $ 193.63 | NA | $157.17 | -$185.93 | -$203.82 | NA | NA | -79.86% | 12.61% |
| Electronics (General) | 129 | $1,831.58 | $6,420.54 | 28.53% | $ 5,595.90 | 87.16% | $4,492.32 | $2,958.31 | $3,889.12 | 151.85% | 115.51% | 69.97% | 5.69% |
| Engineering/Construction | 43 | $492.60 | $2,272.97 | 21.67% | $ 2,473.08 | 108.80% | $1,473.25 | -$1,281.78 | -$305.11 | NA | NA | 64.82% | 4.95% |
| Entertainment | 98 | $1,492.31 | -$540.05 | 0.34% | $ 7,324.99 | NA | $6,813.89 | $3,362.23 | -$5,037.09 | 202.66% | NA | -1261.71% | 5.49% |
| Environmental & Waste Services | 57 | $2,133.70 | $5,871.13 | 36.34% | $ 4,356.08 | 74.19% | $3,706.58 | $4,496.79 | $8,844.00 | 82.43% | 41.91% | 63.13% | 0.88% |
| Farming/Agriculture | 42 | $3,212.82 | $18,538.57 | 17.33% | $ 12,637.26 | 68.17% | $12,457.04 | $8,941.99 | $20,725.72 | 139.31% | 60.10% | 67.20% | 3.78% |
| Financial Svcs. (Non-bank & Insurance) | 172 | $22,615.11 | $81,321.53 | 27.81% | $ 73,410.50 | 90.27% | $70,943.50 | $89,681.90 | -$121,620.77 | 79.11% | NA | 87.24% | 2.84% |
| Food Processing | 82 | $11,853.45 | $17,252.25 | 68.71% | $ 17,314.97 | 100.36% | $16,749.01 | $10,113.83 | $13,466.97 | 165.60% | 124.37% | 97.08% | 2.50% |
| Food Wholesalers | 14 | $1,054.30 | $2,762.74 | 38.16% | $ 1,803.12 | 65.27% | $1,649.47 | $1,784.00 | $360.62 | 92.46% | 457.40% | 59.70% | 1.57% |
| Furn/Home Furnishings | 31 | $1,579.49 | -$1,353.02 | 0.86% | $ 1,793.44 | NA | $1,696.39 | -$740.05 | $1,210.08 | NA | 140.19% | -125.38% | 5.24% |
| Green & Renewable Energy | 17 | $284.20 | $1,110.36 | 25.60% | $ 289.47 | 26.07% | -$136.79 | -$36.24 | $933.12 | NA | -14.66% | -12.32% | 3.42% |
| Healthcare Products | 230 | $7,563.34 | $18,109.07 | 41.77% | $ 13,703.67 | 75.67% | $10,629.82 | $12,881.51 | $22,628.00 | 82.52% | 46.98% | 58.70% | 3.53% |
| Healthcare Support Services | 119 | $14,897.92 | $50,286.77 | 29.63% | $ 47,704.35 | 94.86% | $44,222.40 | $55,261.43 | $77,496.72 | 80.02% | 57.06% | 87.94% | 8.60% |
| Heathcare Information and Technology | 128 | $1,752.49 | $8,883.58 | 19.73% | $ 10,749.90 | 121.01% | $9,579.39 | $11,068.56 | $19,351.33 | 86.55% | 49.50% | 107.83% | 4.20% |
| Homebuilding | 32 | $1,349.61 | $20,979.15 | 6.43% | $ 5,424.75 | 25.86% | $4,958.99 | $22,595.23 | $18,874.84 | 21.95% | 26.27% | 23.64% | 9.92% |
| Hospitals/Healthcare Facilities | 32 | $908.40 | $7,107.36 | 12.78% | $ 6,255.10 | 88.01% | $5,013.15 | $3,324.27 | $4,181.08 | 150.80% | 119.90% | 70.53% | 1.71% |
| Hotel/Gaming | 68 | $1,647.75 | $19,543.35 | 8.43% | $ 30,155.81 | 154.30% | $29,677.19 | $19,073.60 | $19,906.91 | 155.59% | 149.08% | 151.85% | 6.11% |
| Household Products | 93 | $29,193.22 | $23,884.00 | 122.23% | $ 36,757.34 | 153.90% | $30,361.21 | $25,445.50 | $34,418.29 | 119.32% | 88.21% | 127.12% | 2.93% |
| Information Services | 18 | $760.90 | $1,253.46 | 60.70% | $ 1,942.67 | 154.98% | $1,439.95 | $2,150.15 | $2,566.95 | 66.97% | 56.10% | 114.88% | 4.93% |
| Insurance (General) | 21 | $3,084.82 | $9,418.43 | 32.75% | $ 7,394.35 | 78.51% | $7,004.43 | $7,719.96 | $7,571.40 | 90.73% | 92.51% | 74.37% | 3.32% |
| Insurance (Life) | 23 | $5,932.29 | $1,556.19 | 381.21% | $ 15,463.08 | 993.65% | $15,034.97 | $961.44 | -$8,270.32 | 1563.81% | NA | 966.14% | 16.16% |
| Insurance (Prop/Cas.) | 50 | $5,608.53 | $15,963.52 | 35.13% | $ 12,104.45 | 75.83% | $11,645.28 | $11,557.77 | $12,007.92 | 100.76% | 96.98% | 72.95% | 4.47% |
| Investments & Asset Management | 334 | $11,402.77 | $27,081.32 | 42.11% | $ 55,546.65 | 205.11% | $51,287.82 | $19,543.91 | $37,576.97 | 262.42% | 136.49% | 189.38% | 10.33% |
| Machinery | 103 | $6,629.38 | $18,277.86 | 36.27% | $ 11,683.97 | 63.92% | $10,070.19 | $17,312.17 | $19,508.33 | 58.17% | 51.62% | 55.10% | 2.85% |
| Metals & Mining | 68 | $3,736.70 | $3,913.98 | 95.47% | $ 3,849.05 | 98.34% | $3,427.01 | -$268.75 | -$1,903.19 | NA | NA | 87.56% | 5.67% |
| Office Equipment & Services | 17 | $336.59 | $149.49 | 225.17% | $ 361.44 | 241.79% | $347.77 | $374.91 | $426.70 | 92.76% | 81.50% | 232.64% | 6.76% |
| Oil/Gas (Integrated) | 4 | $26,842.29 | $72,268.80 | 37.14% | $ 60,963.56 | 84.36% | $60,869.37 | $74,033.97 | $63,725.97 | 82.22% | 95.52% | 84.23% | 4.80% |
| Oil/Gas (Production and Exploration) | 166 | $23,035.56 | $73,661.20 | 31.27% | $ 38,213.29 | 51.88% | $36,719.14 | $44,527.46 | $55,804.76 | 82.46% | 65.80% | 49.85% | 3.62% |
| Oil/Gas Distribution | 24 | $9,714.68 | $24,381.73 | 39.84% | $ 12,877.45 | 52.82% | $12,296.89 | $17,573.96 | $25,157.23 | 69.97% | 48.88% | 50.43% | 2.11% |
| Oilfield Svcs/Equip. | 100 | $8,783.42 | $46,698.67 | 18.81% | $ 34,042.71 | 72.90% | $31,695.15 | $43,466.35 | $43,076.58 | 72.92% | 73.58% | 67.87% | 7.46% |
| Packaging & Container | 22 | $2,944.63 | $4,193.33 | 70.22% | $ 5,178.04 | 123.48% | $5,090.01 | $64.33 | $2,000.94 | 7912.35% | 254.38% | 121.38% | 3.81% |
| Paper/Forest Products | 7 | $105.00 | $380.73 | 27.58% | $ 257.90 | 67.74% | $257.81 | -$135.97 | -$357.37 | NA | NA | 67.71% | 4.80% |
| Power | 50 | $25,160.67 | $32,814.95 | 76.67% | $ 27,045.25 | 82.42% | $16,914.80 | -$55,265.61 | $3,381.32 | NA | 500.24% | 51.55% | 1.31% |
| Precious Metals | 61 | $1,802.43 | -$855.33 | 0.88% | $ 1,862.66 | NA | $1,453.58 | -$2,861.36 | -$3,117.27 | NA | NA | -169.94% | 6.03% |
| Publishing & Newspapers | 21 | $423.56 | $485.98 | 87.16% | $ 988.20 | 203.34% | $964.06 | $780.70 | $249.53 | 123.49% | 386.34% | 198.37% | 6.09% |
| R.E.I.T. | 193 | $50,197.93 | $23,324.14 | 215.22% | $ 43,938.93 | 188.38% | $18,889.00 | $58,792.15 | $108,412.02 | 32.13% | 17.42% | 80.98% | 1.88% |
| Real Estate (Development) | 17 | $1.13 | -$442.93 | 0.00% | $ 14.69 | NA | $8.46 | -$203.47 | $406.84 | NA | 2.08% | -1.91% | 9.15% |
| Real Estate (General/Diversified) | 11 | $51.10 | $205.03 | 24.92% | $ 69.34 | 33.82% | $69.34 | $276.39 | $409.42 | 25.09% | 16.94% | 33.82% | 11.26% |
| Real Estate (Operations & Services) | 60 | $449.46 | -$2,984.05 | 0.76% | $ 2,671.98 | NA | $2,458.88 | $3,949.25 | -$1,309.44 | 62.26% | NA | -82.40% | 8.30% |
| Recreation | 55 | $1,113.23 | $557.77 | 199.59% | $ 3,702.12 | 663.74% | $3,426.77 | -$1,089.06 | -$362.32 | NA | NA | 614.37% | 4.13% |
| Reinsurance | 1 | $216.00 | $1,141.00 | 18.93% | $ 412.00 | 36.11% | $412.00 | $831.50 | $1,079.50 | 49.55% | 38.17% | 36.11% | 18.56% |
| Restaurant/Dining | 64 | $9,274.74 | $17,474.58 | 53.08% | $ 17,108.28 | 97.90% | $15,303.59 | $13,392.51 | $16,356.92 | 114.27% | 93.56% | 87.58% | 2.24% |
| Retail (Automotive) | 30 | $659.24 | $11,377.63 | 5.79% | $ 12,888.28 | 113.28% | $11,871.36 | $7,221.72 | $14,935.16 | 164.38% | 79.49% | 104.34% | 1.38% |
| Retail (Building Supply) | 16 | $11,038.80 | $23,665.69 | 46.64% | $ 29,442.75 | 124.41% | $28,889.45 | $23,881.53 | $24,904.17 | 120.97% | 116.00% | 122.07% | 1.05% |
| Retail (Distributors) | 62 | $3,698.29 | $14,663.81 | 25.22% | $ 7,770.65 | 52.99% | $7,460.64 | $3,622.17 | $8,384.50 | 205.97% | 88.98% | 50.88% | 2.08% |
| Retail (General) | 26 | $11,823.23 | $54,372.85 | 21.74% | $ 19,987.85 | 36.76% | $19,485.37 | $27,449.30 | $21,156.15 | 70.99% | 92.10% | 35.84% | 3.28% |
| Retail (Grocery and Food) | 14 | $1,171.07 | $3,171.57 | 36.92% | $ 2,154.39 | 67.93% | $1,676.12 | $1,010.03 | $420.06 | 165.95% | 399.02% | 52.85% | 4.62% |
| Retail (REITs) | 28 | $8,577.61 | $5,513.58 | 155.57% | $ 5,329.63 | 96.66% | -$2,601.21 | $12,297.75 | $16,899.88 | -21.15% | -15.39% | -47.18% | 1.14% |
| Retail (Special Lines) | 105 | $6,069.07 | $6,972.52 | 87.04% | $ 14,754.30 | 211.61% | $13,936.53 | $6,321.17 | $3,773.74 | 220.47% | 369.30% | 199.88% | 4.49% |
| Rubber& Tires | 3 | $0.00 | -$514.10 | #DIV/0! | $ - | NA | $0.00 | -$365.97 | -$494.77 | NA | NA | 0.00% | 7.29% |
| Semiconductor | 63 | $23,975.20 | $49,055.14 | 48.87% | $ 54,855.23 | 111.82% | $51,359.99 | $27,685.27 | $44,076.24 | 185.51% | 116.53% | 104.70% | 2.04% |
| Semiconductor Equip | 30 | $2,940.65 | $14,637.39 | 20.09% | $ 10,975.18 | 74.98% | $10,328.28 | $13,060.92 | $11,568.51 | 79.08% | 89.28% | 70.56% | 4.24% |
| Shipbuilding & Marine | 8 | $169.70 | $578.44 | 29.34% | $ 680.65 | 117.67% | $677.22 | $258.49 | $210.35 | 261.99% | 321.95% | 117.08% | 3.46% |
| Shoe | 13 | $2,218.79 | $6,877.56 | 32.26% | $ 917.52 | 13.34% | $899.96 | $8,420.08 | $7,241.58 | 10.69% | 12.43% | 13.09% | 4.77% |
| Software (Entertainment) | 84 | $235.41 | $93,923.67 | 0.25% | $ 90,466.02 | 96.32% | $89,973.84 | $55,413.70 | $62,184.25 | 162.37% | 144.69% | 95.79% | 2.78% |
| Software (Internet) | 35 | $0.26 | -$4,129.53 | 0.00% | $ 5,130.88 | NA | $4,598.12 | -$4,057.08 | -$4,125.75 | NA | NA | -111.35% | 1.91% |
| Software (System & Application) | 351 | $26,468.85 | $97,238.32 | 27.22% | $ 78,137.65 | 80.36% | $66,388.05 | $76,723.89 | $92,868.45 | 86.53% | 71.49% | 68.27% | 2.83% |
| Steel | 29 | $1,786.07 | $14,321.58 | 12.47% | $ 7,126.84 | 49.76% | $7,035.05 | $12,606.56 | $10,905.46 | 55.80% | 64.51% | 49.12% | 9.21% |
| Telecom (Wireless) | 13 | $859.33 | $7,780.02 | 11.05% | $ 13,772.85 | 177.03% | $13,772.49 | $2,887.61 | $3,379.86 | 476.95% | 407.49% | 177.02% | 1.77% |
| Telecom. Equipment | 66 | $7,386.13 | $16,027.25 | 46.08% | $ 15,674.18 | 97.80% | $14,293.76 | $12,630.19 | $12,871.30 | 113.17% | 111.05% | 89.18% | 4.81% |
| Telecom. Services | 42 | $19,163.33 | -$808.37 | 0.16% | $ 11,908.88 | NA | $11,707.20 | -$10,229.25 | -$18,155.96 | NA | NA | -1448.25% | 2.19% |
| Tobacco | 16 | $14,856.91 | $16,885.91 | 87.98% | $ 15,977.74 | 94.62% | $15,917.26 | $13,122.40 | $29,206.83 | 121.30% | 54.50% | 94.26% | 1.78% |
| Transportation | 36 | $7,039.40 | $17,378.89 | 40.51% | $ 16,414.65 | 94.45% | $15,472.90 | $1,705.05 | $8,809.40 | 907.48% | 175.64% | 89.03% | 3.94% |
| Transportation (Railroads) | 4 | $5,268.30 | $12,105.60 | 43.52% | $ 12,013.30 | 99.24% | $12,013.30 | $9,074.50 | $10,217.20 | 132.39% | 117.58% | 99.24% | 1.06% |
| Trucking | 22 | $842.96 | $4,855.00 | 17.36% | $ 2,439.30 | 50.24% | $2,411.58 | -$1,121.44 | -$599.19 | NA | NA | 49.67% | 2.94% |
| Utility (General) | 14 | $9,662.20 | $16,409.20 | 58.88% | $ 10,725.80 | 65.36% | $8,115.80 | -$15,924.21 | $1,434.29 | NA | 565.84% | 49.46% | 0.58% |
| Utility (Water) | 13 | $1,038.29 | $1,713.76 | 39.24% | $ 1,046.07 | 61.04% | -$1,418.09 | -$1,642.15 | -$705.54 | NA | NA | -82.75% | 1.07% |
| Total Market | 6481 | $700,711.38 | $1,785,480.62 | 39.24% | $ 1,556,225.83 | 87.16% | $1,389,702.49 | $1,308,488.80 | $1,909,631.71 | 106.21% | 72.77% | 77.83% | 6.13% |
| Total Market (without financials) | 5214 | $586,557.78 | $1,421,325.19 | 41.27% | $ 1,304,851.79 | 91.81% | $1,148,887.39 | $1,040,850.54 | $1,368,157.19 | 110.38% | 83.97% | 80.83% | 3.48% |
Updated in January 2024
By Aswath Damodaran