Dividends and FCFE by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2022

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 49 $1,248.78 $1,093.36 114.21%  $                                             1,578.84 144.40% -$457.54 $2,920.26 $1,341.65 -15.67% -34.10% -41.85% 11.57%
Aerospace/Defense 73 $9,754.71 $12,140.12 80.35%  $                                           23,266.21 191.65% $19,961.11 $8,328.17 $2,571.78 239.68% 776.16% 164.42% 5.05%
Air Transport 21 $1.91 -$7,930.70 0.00%  $                                                  29.50 NA -$7,798.94 -$5,891.16 -$4,478.31 NA NA 98.34% 18.30%
Apparel 39 $1,408.32 $4,811.31 29.27%  $                                             2,280.72 47.40% $1,651.87 $5,055.14 $1,928.83 32.68% 85.64% 34.33% 9.26%
Auto & Truck 26 $370.30 $13,284.64 2.79%  $                                                452.63 3.41% -$7,658.49 -$16,948.37 -$43,784.90 NA NA -57.65% 3.38%
Auto Parts 38 $635.90 $1,301.39 48.86%  $                                             1,547.83 118.94% -$329.54 -$1,704.73 -$1,944.76 NA NA -25.32% 6.36%
Bank (Money Center) 7 $25,650.66 $130,223.88 19.70%  $                                           55,746.00 42.81% $55,432.00 $125,383.88 $143,641.88 44.21% 38.59% 42.57% 51.78%
Banks (Regional) 563 $17,899.60 $68,645.83 26.08%  $                                           28,795.82 41.95% $20,072.34 $63,313.89 -$22,931.40 31.70% NA 29.24% 33.75%
Beverage (Alcoholic) 21 $1,102.93 $1,306.06 84.45%  $                                             2,485.35 190.29% $2,226.88 $786.77 -$1,859.13 283.04% NA 170.50% 1.66%
Beverage (Soft) 32 $15,653.94 $20,512.13 76.32%  $                                           16,848.62 82.14% $15,504.50 $18,134.43 $1,071.35 85.50% 1447.20% 75.59% 2.83%
Broadcasting 28 $1,356.68 $8,586.85 15.80%  $                                             3,580.08 41.69% $1,426.46 -$941.89 -$3,392.22 NA NA 16.61% 10.05%
Brokerage & Investment Banking 31 $8,290.28 $47,207.93 17.56%  $                                           20,122.86 42.63% $17,630.13 $60,634.60 $129,455.84 29.08% 13.62% 37.35% 24.81%
Building Materials 44 $1,556.47 $10,307.31 15.10%  $                                             6,533.05 63.38% $5,720.29 $7,225.48 $5,754.80 79.17% 99.40% 55.50% 3.95%
Business & Consumer Services 160 $3,204.54 $10,576.67 30.30%  $                                           10,397.06 98.30% $4,570.10 $12,650.43 $15,134.08 36.13% 30.20% 43.21% 5.06%
Cable TV 11 $4,744.90 $24,018.80 19.75%  $                                           32,262.03 134.32% $32,142.53 $29,543.20 $36,229.90 108.80% 88.72% 133.82% 2.25%
Chemical (Basic) 35 $4,176.41 $15,167.56 27.54%  $                                             5,118.54 33.75% $4,084.14 $6,754.74 $4,052.25 60.46% 100.79% 26.93% 6.51%
Chemical (Diversified) 4 $318.00 $1,163.35 27.33%  $                                                510.33 43.87% $480.33 $1,018.55 $155.57 47.16% 308.75% 41.29% 7.57%
Chemical (Specialty) 81 $7,084.75 $23,826.56 29.73%  $                                           16,393.09 68.80% $12,355.69 $19,707.16 $7,680.31 62.70% 160.87% 51.86% 3.23%
Coal & Related Energy 18 $6.13 -$331.32 0.06%  $                                                  16.96 NA -$542.17 -$333.53 -$419.61 NA NA 163.64% 14.34%
Computer Services 83 $6,900.74 $9,116.89 75.69%  $                                           14,247.49 156.28% $13,121.79 $18,658.33 $4,582.52 70.33% 286.34% 143.93% 5.28%
Computers/Peripherals 46 $17,057.10 $114,639.79 14.88%  $                                         117,635.61 102.61% $115,256.18 $113,290.48 $124,442.90 101.74% 92.62% 100.54% 2.36%
Construction Supplies 48 $4,472.80 $12,214.97 36.62%  $                                             9,167.30 75.05% $6,690.18 $8,898.90 $8,203.87 75.18% 81.55% 54.77% 6.01%
Diversified 22 $6,888.86 $98,917.93 6.96%  $                                           41,147.90 41.60% $39,346.70 $99,035.47 $82,714.59 39.73% 47.57% 39.78% 7.79%
Drugs (Biotechnology) 581 $16,647.24 -$1,166.21 0.06%  $                                           30,758.90 NA -$25,296.09 $2,412.35 $1,544.20 -1048.61% -1638.13% 2169.09% 8.13%
Drugs (Pharmaceutical) 298 $34,442.85 $38,544.40 89.36%  $                                           45,734.95 118.66% $34,100.76 $53,862.77 $45,445.36 63.31% 75.04% 88.47% 3.74%
Education 35 $88.70 $1,247.78 7.11%  $                                             1,354.34 108.54% -$1,705.70 $916.77 $433.10 -186.05% -393.84% -136.70% 14.06%
Electrical Equipment 104 $2,644.68 $5,731.00 46.15%  $                                             4,905.88 85.60% -$3,753.69 $2,439.76 $5,268.91 -153.85% -71.24% -65.50% 5.20%
Electronics (Consumer & Office) 16 $0.00 $522.15 0.00%  $                                                231.35 44.31% -$499.31 $517.40 $324.12 -96.50% -154.05% -95.63% 12.54%
Electronics (General) 137 $1,582.23 $8,569.10 18.46%  $                                             3,718.90 43.40% $239.39 $5,460.77 $9,632.41 4.38% 2.49% 2.79% 5.53%
Engineering/Construction 48 $161.69 $1,833.38 8.82%  $                                             2,120.50 115.66% $447.67 $1,637.21 $4,564.88 27.34% 9.81% 24.42% 8.46%
Entertainment 108 $912.76 $5,731.53 15.93%  $                                             3,978.98 69.42% -$3,745.44 $8,492.63 $7,407.06 -44.10% -50.57% -65.35% 5.52%
Environmental & Waste Services 58 $1,738.60 $3,740.88 46.48%  $                                             3,154.14 84.32% $2,830.16 $4,412.72 $6,557.39 64.14% 43.16% 75.65% 0.90%
Farming/Agriculture 36 $2,307.16 $12,597.08 18.32%  $                                             5,625.54 44.66% $4,529.32 $2,315.71 $5,889.04 195.59% 76.91% 35.96% 4.22%
Financial Svcs. (Non-bank & Insurance) 223 $16,674.56 $108,312.69 15.39%  $                                           42,139.54 38.91% $38,754.69 $93,901.67 $77,704.57 41.27% 49.87% 35.78% 3.06%
Food Processing 92 $10,024.98 $21,732.69 46.13%  $                                           16,240.23 74.73% $14,737.54 $17,829.53 $12,495.61 82.66% 117.94% 67.81% 2.90%
Food Wholesalers 15 $980.90 $1,166.59 84.08%  $                                             1,046.32 89.69% $852.96 -$631.85 -$2,679.85 NA NA 73.12% 3.65%
Furn/Home Furnishings 32 $988.99 $4,480.07 22.08%  $                                             3,839.75 85.71% $2,922.50 $1,910.37 $1,362.60 152.98% 214.48% 65.23% 7.66%
Green & Renewable Energy 20 $466.90 -$866.17 0.20%  $                                                  36.30 NA -$482.70 -$1,747.74 $430.49 NA -112.13% 55.73% 2.45%
Healthcare Products 244 $6,087.21 $24,098.51 25.26%  $                                           14,048.05 58.29% $3,763.38 $24,543.00 $17,715.34 15.33% 21.24% 15.62% 3.26%
Healthcare Support Services 131 $12,187.56 $44,754.15 27.23%  $                                           39,272.71 87.75% $28,136.91 $46,350.01 $47,573.60 60.71% 59.14% 62.87% 5.56%
Heathcare Information and Technology 142 $1,717.81 $26,099.72 6.58%  $                                           10,081.76 38.63% -$4,224.93 $26,080.55 $33,465.91 -16.20% -12.62% -16.19% 3.26%
Homebuilding 29 $1,096.30 $18,807.49 5.83%  $                                             5,590.18 29.72% $5,138.29 $10,787.64 $11,312.23 47.63% 45.42% 27.32% 8.41%
Hospitals/Healthcare Facilities 31 $835.80 $9,546.17 8.76%  $                                             7,859.73 82.33% $7,509.72 $7,033.47 $4,291.16 106.77% 175.00% 78.67% 3.37%
Hotel/Gaming 66 $238.23 -$24,918.41 0.04%  $                                             4,166.44 NA -$11,559.11 -$20,452.62 -$24,282.71 NA NA 46.39% 6.55%
Household Products 118 $14,114.12 $24,421.99 57.79%  $                                           24,698.30 101.13% $21,768.16 $23,792.84 $21,924.22 91.49% 99.29% 89.13% 2.48%
Information Services 79 $9,330.30 $33,684.11 27.70%  $                                           37,887.14 112.48% $30,677.83 $39,775.01 $49,266.42 77.13% 62.27% 91.08% 3.44%
Insurance (General) 23 $4,730.28 $16,403.99 28.84%  $                                           10,741.58 65.48% $6,975.75 $19,248.05 $15,077.04 36.24% 46.27% 42.52% 4.80%
Insurance (Life) 24 $5,767.79 $21,895.54 26.34%  $                                           16,589.98 75.77% $13,249.70 $24,417.04 $18,594.91 54.26% 71.25% 60.51% 17.27%
Insurance (Prop/Cas.) 52 $7,305.66 $26,964.75 27.09%  $                                           13,980.25 51.85% $11,540.43 $24,859.44 $25,721.25 46.42% 44.87% 42.80% 6.29%
Investments & Asset Management 687 $13,730.29 $43,670.77 31.44%  $                                           24,175.44 55.36% -$47,291.46 $42,549.31 $42,154.65 -111.15% -112.19% -108.29% 9.78%
Machinery 111 $5,155.90 $18,581.58 27.75%  $                                             9,551.83 51.40% $5,971.92 $18,553.23 $9,494.40 32.19% 62.90% 32.14% 4.04%
Metals & Mining 74 $2,460.08 $6,842.73 35.95%  $                                             2,589.42 37.84% $1,613.91 $5,789.53 $5,439.05 27.88% 29.67% 23.59% 8.20%
Office Equipment & Services 18 $310.70 $435.55 71.34%  $                                                411.46 94.47% $352.02 $634.66 $1,820.41 55.47% 19.34% 80.82% 7.96%
Oil/Gas (Integrated) 4 $24,990.36 $3,660.20 682.76%  $                                           25,316.90 691.68% $25,284.90 $20,755.50 -$5,776.70 121.82% NA 690.81% 1.98%
Oil/Gas (Production and Exploration) 183 $6,193.40 $4,940.82 125.35%  $                                             9,521.55 192.71% $6,557.86 $23,864.55 $11,106.81 27.48% 59.04% 132.73% 4.66%
Oil/Gas Distribution 21 $7,984.59 $4,059.17 196.71%  $                                             8,933.03 220.07% $8,754.59 $4,909.53 $1,397.58 178.32% 626.41% 215.67% 1.34%
Oilfield Svcs/Equip. 100 $6,470.77 $7,278.41 88.90%  $                                             8,730.50 119.95% $5,315.35 $16,002.03 $8,633.42 33.22% 61.57% 73.03% 9.08%
Packaging & Container 26 $2,660.10 $8,258.18 32.21%  $                                             5,245.69 63.52% $4,827.76 $5,071.46 -$286.10 95.19% NA 58.46% 4.80%
Paper/Forest Products 11 $189.04 $1,719.12 11.00%  $                                             1,430.20 83.19% $1,425.03 $2,098.38 $4,524.61 67.91% 31.50% 82.89% 6.63%
Power 50 $23,216.54 $28,302.60 82.03%  $                                           23,607.99 83.41% $13,566.27 -$33,517.68 $13,017.26 NA 104.22% 47.93% 1.83%
Precious Metals 76 $1,807.64 $2,310.43 78.24%  $                                             2,294.82 99.32% $1,631.17 $2,140.45 $1,513.13 76.21% 107.80% 70.60% 7.87%
Publishing & Newspapers 21 $385.13 $1,111.54 34.65%  $                                                470.42 42.32% $287.25 $1,803.34 $2,466.59 15.93% 11.65% 25.84% 8.83%
R.E.I.T. 238 $45,792.00 $40,747.15 112.38%  $                                           40,853.83 100.26% -$6,755.14 $80,572.51 $103,036.47 -8.38% -6.56% -16.58% 2.00%
Real Estate (Development) 19 $0.01 -$22.83 0.00%  $                                                    5.23 NA -$133.90 $411.37 $736.00 -32.55% -18.19% 586.55% 9.62%
Real Estate (General/Diversified) 10 $43.20 $137.96 31.31%  $                                                  67.73 49.09% $67.73 $51.99 $135.74 130.28% 49.90% 49.09% 8.80%
Real Estate (Operations & Services) 51 $174.01 -$2,400.32 0.07%  $                                             1,370.95 NA -$892.69 -$13,052.43 -$319.38 NA NA 37.19% 6.85%
Recreation 60 $1,251.87 $2,608.85 47.99%  $                                             2,951.24 113.12% $535.69 $1,207.14 $1,733.08 44.38% 30.91% 20.53% 5.96%
Reinsurance 2 $193.00 $1,270.80 15.19%  $                                                512.90 40.36% $512.90 $1,274.60 $1,254.20 40.24% 40.89% 40.36% 17.51%
Restaurant/Dining 70 $7,787.18 $16,417.36 47.43%  $                                           12,252.11 74.63% $9,939.10 $14,887.12 $7,907.89 66.76% 125.69% 60.54% 2.55%
Retail (Automotive) 32 $466.46 $10,938.97 4.26%  $                                           11,945.69 109.20% $9,017.67 $10,799.46 $16,064.97 83.50% 56.13% 82.44% 2.75%
Retail (Building Supply) 16 $8,985.82 $26,506.30 33.90%  $                                           33,959.39 128.12% $33,275.41 $19,456.41 $28,535.15 171.03% 116.61% 125.54% 2.16%
Retail (Distributors) 68 $2,563.87 $9,090.35 28.20%  $                                             5,039.67 55.44% $2,701.59 $549.22 $1,581.59 491.90% 170.81% 29.72% 2.66%
Retail (General) 16 $9,657.38 $27,334.80 35.33%  $                                           30,768.01 112.56% $30,656.99 $17,935.57 $8,187.78 170.93% 374.42% 112.15% 3.83%
Retail (Grocery and Food) 15 $873.89 $2,628.27 33.25%  $                                             2,715.84 103.33% $2,493.60 $2,792.55 $1,463.22 89.29% 170.42% 94.88% 5.65%
Retail (Online) 60 $521.70 $39,001.90 1.34%  $                                             6,686.39 17.14% -$660.34 -$1,498.28 $8,808.74 NA -7.50% -1.69% 2.18%
Retail (Special Lines) 76 $4,861.37 $20,686.02 23.50%  $                                           14,220.95 68.75% $10,000.69 $12,387.22 -$4,306.53 80.73% NA 48.35% 6.32%
Rubber& Tires 2 $0.00 $274.27 0.00%  $                                                        -   0.00% -$9.00 $353.94 $1,851.94 -2.54% -0.49% -3.28% 7.77%
Semiconductor 67 $21,526.11 $74,378.56 28.94%  $                                           43,368.84 58.31% $39,159.04 $65,153.99 $71,750.60 60.10% 54.58% 52.65% 2.48%
Semiconductor Equip 34 $2,442.20 $16,161.46 15.11%  $                                           12,125.18 75.03% $10,950.69 $9,862.27 $9,147.16 111.04% 119.72% 67.76% 3.72%
Shipbuilding & Marine 8 $82.66 $556.25 14.86%  $                                                189.62 34.09% $86.49 $12.75 -$630.56 678.57% NA 15.55% 3.28%
Shoe 12 $1,864.33 $7,793.07 23.92%  $                                             1,107.62 14.21% $1,059.06 $7,883.92 $8,299.72 13.43% 12.76% 13.59% 4.26%
Software (Entertainment) 88 $401.42 $111,674.48 0.36%  $                                           80,475.94 72.06% $76,066.32 $77,456.90 $79,133.46 98.20% 96.12% 68.11% 1.75%
Software (Internet) 36 $26.10 -$2,279.49 0.15%  $                                             1,860.38 NA -$2,672.28 -$2,392.57 $1,182.17 NA -226.05% 117.23% 2.46%
Software (System & Application) 375 $24,431.65 $85,077.96 28.72%  $                                           98,476.55 115.75% $62,271.63 $73,193.10 $93,801.21 85.08% 66.39% 73.19% 2.35%
Steel 28 $1,168.54 $13,828.50 8.45%  $                                             4,141.47 29.95% $2,859.91 $1,577.42 $393.06 181.30% 727.61% 20.68% 6.99%
Telecom (Wireless) 17 $106.68 $4,377.45 2.44%  $                                                551.20 12.59% $525.60 $1,052.62 $6,547.27 49.93% 8.03% 12.01% 2.13%
Telecom. Equipment 82 $7,082.02 $15,345.31 46.15%  $                                           12,784.39 83.31% $10,923.62 $12,253.55 $7,148.85 89.15% 152.80% 71.19% 3.65%
Telecom. Services 42 $26,511.09 $27,044.27 98.03%  $                                           13,223.94 48.90% $12,451.37 $36,186.59 $87,650.66 34.41% 14.21% 46.04% 4.15%
Tobacco 16 $14,103.59 $11,934.33 118.18%  $                                           15,195.70 127.33% $15,103.17 $12,112.06 $10,930.28 124.70% 138.18% 126.55% 2.77%
Transportation 17 $4,590.00 $14,316.40 32.06%  $                                             6,734.55 47.04% $5,740.94 $4,222.94 -$1,675.34 135.95% NA 40.10% 5.31%
Transportation (Railroads) 4 $4,530.00 $12,715.00 35.63%  $                                           16,583.00 130.42% $16,559.00 $11,810.00 $13,753.00 140.21% 120.40% 130.23% 1.27%
Trucking 34 $770.29 $2,238.33 34.41%  $                                             3,160.25 141.19% -$2,927.19 -$8,231.19 -$11,170.43 NA NA -130.78% 5.57%
Utility (General) 16 $9,636.80 $11,931.70 80.77%  $                                           10,523.80 88.20% $6,602.60 -$12,057.06 $6,599.64 NA 100.04% 55.34% 0.63%
Utility (Water) 14 $851.02 $1,493.54 33.06%  $                                                878.20 58.80% $254.23 -$1,003.27 -$132.32 NA NA 17.02% 0.37%
Total Market 7229 $591,708.80 $1,789,714.30 33.06%  $                                      1,366,975.36 76.38% $901,855.78 $1,543,561.34 $1,542,095.41 58.43% 58.48% 50.39% 6.87%
Total Market (without financials) 5619 $491,659.68 $1,326,388.92 37.07%  $                                      1,154,683.89 87.05% $785,492.20 $1,089,253.46 $1,112,676.66 72.11% 70.59% 59.22% 3.65%


Updated in January 2021

By Aswath Damodaran