Dividends and FCFE by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2019

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) Net Cash Returned/FCFE (post-debt) Net Cash Returned/ Net Income Cash/ Firm Value
Advertising 48 $930.60 $938.90 99.12%  $                                             1,762.06 187.67% $1,411.76 $1,143.35 $2,477.30 123.48% 56.99% 150.36% 8.64%
Aerospace/Defense 85 $12,166.03 $31,963.15 38.06%  $                                           30,735.92 96.16% $29,656.41 $26,332.23 $57,404.89 112.62% 51.66% 92.78% 4.65%
Air Transport 18 $2,061.30 $14,045.59 14.68%  $                                             8,786.07 62.55% $8,576.07 $4,277.94 $6,201.23 200.47% 138.30% 61.06% 3.77%
Apparel 50 $1,738.65 $2,912.25 59.70%  $                                             3,022.51 103.79% $2,489.41 $612.76 $787.20 406.26% 316.24% 85.48% 3.43%
Auto & Truck 14 $4,967.70 $6,164.71 80.58%  $                                             6,933.01 112.46% $6,686.68 -$3,708.93 $14,927.11 NA 44.80% 108.47% 5.94%
Auto Parts 52 $710.37 $4,252.57 16.70%  $                                             2,679.82 63.02% $2,546.82 $1,189.15 $447.24 214.17% 569.46% 59.89% 7.24%
Bank (Money Center) 10 $26,294.53 $77,161.56 34.08%  $                                           83,197.72 107.82% $82,245.58 $84,491.00 $111,287.00 97.34% 73.90% 106.59% 34.12%
Banks (Regional) 633 $14,002.51 $51,465.70 27.21%  $                                           32,422.89 63.00% $29,368.86 $42,607.11 $67,612.16 68.93% 43.44% 57.06% 10.54%
Beverage (Alcoholic) 31 $1,141.09 $5,832.72 19.56%  $                                             2,939.60 50.40% $2,858.06 $4,568.59 $4,432.71 62.56% 64.48% 49.00% 1.35%
Beverage (Soft) 37 $11,447.90 $9,722.76 117.74%  $                                           11,742.87 120.78% $10,090.16 $8,410.72 $8,038.84 119.97% 125.52% 103.78% 4.21%
Broadcasting 24 $672.25 $4,750.59 14.15%  $                                             1,869.24 39.35% $1,533.33 $5,567.39 $5,679.66 27.54% 27.00% 32.28% 3.76%
Brokerage & Investment Banking 38 $5,146.62 $21,974.47 23.42%  $                                           16,984.87 77.29% $16,068.85 -$22,270.32 -$1,957.61 NA NA 73.13% 18.29%
Building Materials 42 $704.30 $3,866.20 18.22%  $                                             3,783.30 97.86% $2,687.86 $2,516.12 $5,156.07 106.83% 52.13% 69.52% 3.99%
Business & Consumer Services 168 $2,176.64 $8,347.21 26.08%  $                                             5,448.71 65.28% $2,283.61 $8,821.99 $9,900.34 25.89% 23.07% 27.36% 3.95%
Cable TV 14 $4,541.27 $43,987.70 10.32%  $                                           19,306.30 43.89% $19,146.74 $47,133.70 $60,627.36 40.62% 31.58% 43.53% 2.85%
Chemical (Basic) 39 $577.49 $3,227.85 17.89%  $                                             1,297.43 40.19% $1,218.51 $1,786.54 $1,235.53 68.20% 98.62% 37.75% 7.90%
Chemical (Diversified) 6 $4,645.00 $5,588.70 83.11%  $                                           10,082.16 180.40% $9,235.16 $6,219.22 $3,877.32 148.49% 238.18% 165.25% 4.49%
Chemical (Specialty) 89 $4,025.37 $12,077.93 33.33%  $                                             8,392.67 69.49% $5,051.90 $9,446.96 $12,905.64 53.48% 39.14% 41.83% 4.93%
Coal & Related Energy 23 $127.41 $1,068.36 11.93%  $                                             1,279.41 119.75% $1,185.37 $2,043.75 $2,222.84 58.00% 53.33% 110.95% 19.77%
Computer Services 119 $8,291.72 $13,085.49 63.37%  $                                           15,906.95 121.56% $14,082.29 $15,947.98 $17,268.31 88.30% 81.55% 107.62% 6.22%
Computers/Peripherals 57 $16,366.49 $63,502.70 25.77%  $                                         101,828.03 160.35% $99,831.73 $69,518.48 $59,128.05 143.60% 168.84% 157.21% 5.66%
Construction Supplies 48 $3,803.77 $12,606.14 30.17%  $                                             9,062.60 71.89% $8,330.18 $5,037.22 $9,663.94 165.37% 86.20% 66.08% 6.01%
Diversified 23 $9,953.09 $40,514.72 24.57%  $                                           15,639.76 38.60% $14,651.98 $37,812.05 $22,185.14 38.75% 66.04% 36.16% 6.09%
Drugs (Biotechnology) 481 $11,577.20 -$2,248.49 0.13%  $                                           53,827.58 NA $26,380.40 -$1,413.15 $8,993.71 NA 293.32% -1173.25% 7.47%
Drugs (Pharmaceutical) 237 $27,645.04 $28,179.49 98.10%  $                                           40,364.89 143.24% $26,963.76 $39,437.35 $31,735.26 68.37% 84.96% 95.69% 4.08%
Education 35 $49.40 $1,164.84 4.24%  $                                                678.17 58.22% $542.13 $631.19 $875.82 85.89% 61.90% 46.54% 6.39%
Electrical Equipment 116 $3,434.94 $5,149.74 66.70%  $                                             7,329.54 142.33% $6,428.68 $3,474.61 $6,365.98 185.02% 100.98% 124.84% 4.08%
Electronics (Consumer & Office) 19 $0.00 -$182.75 0.00%  $                                                  50.81 NA -$263.83 -$292.52 -$365.75 NA NA 144.37% 9.34%
Electronics (General) 160 $1,427.23 $2,427.36 58.80%  $                                             6,306.32 259.80% $4,885.22 -$2,545.27 -$316.30 NA NA 201.26% 7.63%
Engineering/Construction 52 $481.10 $2,882.83 16.69%  $                                             1,496.78 51.92% $697.02 $565.26 $5,400.83 123.31% 12.91% 24.18% 9.02%
Entertainment 120 $4,454.04 $22,258.59 20.01%  $                                           10,272.95 46.15% $9,504.55 $18,266.68 $16,207.23 52.03% 58.64% 42.70% 4.63%
Environmental & Waste Services 91 $1,934.87 $5,362.82 36.08%  $                                             3,775.20 70.40% $2,999.45 $5,144.64 $4,791.80 58.30% 62.60% 55.93% 0.87%
Farming/Agriculture 33 $2,162.58 $6,054.50 35.72%  $                                             3,701.34 61.13% $3,343.93 -$256.70 $4,609.11 NA 72.55% 55.23% 3.43%
Financial Svcs. (Non-bank & Insurance) 259 $8,697.28 $44,041.14 19.75%  $                                           23,603.23 53.59% $21,751.21 $33,016.81 -$253,935.87 65.88% NA 49.39% 2.58%
Food Processing 83 $9,801.96 $28,109.23 34.87%  $                                           13,532.23 48.14% $11,333.94 $25,159.51 $47,493.42 45.05% 23.86% 40.32% 1.83%
Food Wholesalers 18 $779.57 $2,566.43 30.38%  $                                             1,786.35 69.60% $1,400.04 $2,562.44 $5,024.74 54.64% 27.86% 54.55% 1.56%
Furn/Home Furnishings 30 $568.95 $1,032.60 55.10%  $                                             2,224.75 215.45% $2,116.25 -$642.89 $1,007.08 NA 210.14% 204.94% 4.01%
Green & Renewable Energy 21 $282.20 $188.98 149.32%  $                                                282.47 149.47% -$583.01 $305.91 $1,004.44 -190.58% -58.04% -308.50% 3.24%
Healthcare Products 248 $4,891.81 $9,652.62 50.68%  $                                           10,345.06 107.17% $5,326.91 $10,548.37 $6,867.42 50.50% 77.57% 55.19% 3.06%
Healthcare Support Services 111 $7,986.27 $32,194.67 24.81%  $                                           23,969.14 74.45% $16,458.90 $29,917.06 $98,694.27 55.02% 16.68% 51.12% 11.64%
Heathcare Information and Technology 119 $573.99 $7,587.97 7.56%  $                                             4,990.45 65.77% $2,912.09 $8,268.31 $8,374.26 35.22% 34.77% 38.38% 3.02%
Homebuilding 31 $615.53 $7,384.44 8.34%  $                                             4,582.51 62.06% $3,187.77 $3,935.19 $5,200.96 81.01% 61.29% 43.17% 7.71%
Hospitals/Healthcare Facilities 34 $553.83 $939.56 58.95%  $                                             2,744.61 292.12% $2,421.67 -$4,468.86 -$4,966.68 NA NA 257.75% 1.27%
Hotel/Gaming 70 $6,268.83 $20,263.26 30.94%  $                                           15,915.05 78.54% $14,269.73 $18,175.17 $30,116.31 78.51% 47.38% 70.42% 4.35%
Household Products 141 $12,314.16 $12,032.35 102.34%  $                                           17,388.11 144.51% $15,330.42 $12,463.25 $8,574.42 123.01% 178.79% 127.41% 2.17%
Information Services 71 $6,656.09 $29,633.98 22.46%  $                                           27,448.77 92.63% $24,371.69 $31,452.14 $32,776.49 77.49% 74.36% 82.24% 3.83%
Insurance (General) 20 $3,225.51 -$2,092.43 0.28%  $                                             6,824.84 NA $6,481.74 $5,686.88 $8,812.10 113.98% 73.55% -309.77% 4.45%
Insurance (Life) 23 $5,258.58 $25,343.69 20.75%  $                                           13,247.56 52.27% $12,827.21 $25,208.88 $25,822.63 50.88% 49.67% 50.61% 11.66%
Insurance (Prop/Cas.) 50 $4,379.20 $17,786.83 24.62%  $                                             7,983.44 44.88% $7,637.26 $18,129.89 $18,858.22 42.13% 40.50% 42.94% 4.52%
Investments & Asset Management 172 $8,791.33 $26,153.44 33.61%  $                                           19,524.84 74.65% $11,104.07 $24,120.65 $26,349.67 46.04% 42.14% 42.46% 15.38%
Machinery 127 $3,843.48 $12,352.98 31.11%  $                                             9,284.46 75.16% $7,318.14 $9,813.72 $12,007.77 74.57% 60.95% 59.24% 3.80%
Metals & Mining 94 $1,254.27 $3,991.42 31.42%  $                                             1,312.36 32.88% $1,203.55 $3,411.22 $386.88 35.28% 311.09% 30.15% 9.28%
Office Equipment & Services 24 $452.67 $933.26 48.50%  $                                                658.90 70.60% $596.69 $693.98 $451.70 85.98% 132.10% 63.94% 6.91%
Oil/Gas (Integrated) 5 $24,378.00 $41,347.00 58.96%  $                                           25,961.00 62.79% $25,136.00 $42,821.00 $36,385.00 58.70% 69.08% 60.79% 2.88%
Oil/Gas (Production and Exploration) 301 $4,820.32 $20,733.82 23.25%  $                                           17,664.94 85.20% $12,630.65 -$20,270.19 -$21,045.14 NA NA 60.92% 4.32%
Oil/Gas Distribution 20 $6,319.80 $4,001.29 157.94%  $                                             4,677.10 116.89% $1,812.36 -$5,405.87 $1,466.18 NA 123.61% 45.29% 2.31%
Oilfield Svcs/Equip. 134 $8,269.34 $17,747.40 46.59%  $                                           21,439.88 120.81% $18,486.13 $12,787.94 $26,227.15 144.56% 70.48% 104.16% 7.86%
Packaging & Container 27 $2,514.20 $8,927.59 28.16%  $                                             5,289.27 59.25% $4,972.69 $6,899.06 $9,436.15 72.08% 52.70% 55.70% 2.65%
Paper/Forest Products 20 $276.60 $663.21 41.71%  $                                                402.97 60.76% $398.28 $468.28 $450.19 85.05% 88.47% 60.05% 12.66%
Power 51 $18,252.55 $27,332.47 66.78%  $                                           20,296.94 74.26% $13,849.71 -$24,745.08 -$4,513.27 NA NA 50.67% 1.47%
Precious Metals 91 $336.14 -$592.81 0.07%  $                                                473.84 NA $430.20 -$613.05 -$649.35 NA NA -72.57% 10.56%
Publishing & Newspapers 33 $758.12 -$452.78 0.92%  $                                                946.26 NA $699.37 -$151.37 $2,648.20 NA 26.41% -154.46% 8.39%
R.E.I.T. 238 $59,365.69 $45,501.34 130.47%  $                                           54,639.10 120.08% $30,969.12 $79,864.39 $144,964.13 38.78% 21.36% 68.06% 1.47%
Real Estate (Development) 18 $0.00 $230.81 0.00%  $                                                  63.70 27.60% $46.31 $26.14 $355.59 177.15% 13.02% 20.06% 9.82%
Real Estate (General/Diversified) 11 $17.52 $301.58 5.81%  $                                                134.67 44.65% $44.05 $134.45 $622.81 32.76% 7.07% 14.61% 25.15%
Real Estate (Operations & Services) 59 $347.98 $2,203.72 15.79%  $                                             1,006.62 45.68% -$66.15 $2,885.93 $2,152.31 -2.29% -3.07% -3.00% 5.19%
Recreation 72 $1,144.81 $1,236.95 92.55%  $                                             2,089.77 168.95% $1,839.96 $1,475.46 $3,243.57 124.70% 56.73% 148.75% 4.96%
Reinsurance 2 $134.60 $2,727.60 4.93%  $                                                700.20 25.67% $695.02 $2,310.20 $2,269.78 30.08% 30.62% 25.48% 10.14%
Restaurant/Dining 78 $6,666.59 $14,971.73 44.53%  $                                           24,696.23 164.95% $23,616.83 $12,614.73 $24,571.43 187.22% 96.11% 157.74% 3.21%
Retail (Automotive) 24 $231.01 $6,269.14 3.68%  $                                             5,045.42 80.48% $4,519.99 $4,912.99 $7,183.07 92.00% 62.93% 72.10% 1.46%
Retail (Building Supply) 17 $6,255.44 $15,390.72 40.64%  $                                           17,315.25 112.50% $16,836.33 $14,655.07 $14,567.60 114.88% 115.57% 109.39% 1.35%
Retail (Distributors) 88 $2,036.48 $9,345.23 21.79%  $                                             3,971.12 42.49% $2,900.20 -$3,137.02 $7,468.09 NA 38.83% 31.03% 2.28%
Retail (General) 19 $10,119.80 $17,113.40 59.13%  $                                           20,261.36 118.39% $19,082.79 $18,164.59 $26,239.41 105.05% 72.73% 111.51% 3.33%
Retail (Grocery and Food) 12 $532.19 $4,348.33 12.24%  $                                             3,200.17 73.60% $3,096.46 $3,207.60 $3,239.69 96.53% 95.58% 71.21% 1.19%
Retail (Online) 79 $229.30 $34,805.32 0.66%  $                                           18,176.57 52.22% $16,892.03 $34,371.80 $26,641.48 49.15% 63.41% 48.53% 3.37%
Retail (Special Lines) 91 $5,894.64 $17,233.68 34.20%  $                                           19,246.60 111.68% $17,928.97 $15,522.27 $17,801.14 115.50% 100.72% 104.03% 3.54%
Rubber& Tires 4 $156.20 $502.73 31.07%  $                                                604.50 120.24% $593.06 $542.79 $781.27 109.26% 75.91% 117.97% 7.70%
Semiconductor 72 $16,989.90 $49,523.26 34.31%  $                                           66,647.63 134.58% $63,325.52 $28,022.43 $13,067.34 225.98% 484.61% 127.87% 4.44%
Semiconductor Equip 41 $1,711.00 $8,084.32 21.16%  $                                           13,004.67 160.86% $12,515.80 $5,282.36 $4,948.52 236.94% 252.92% 154.82% 11.21%
Shipbuilding & Marine 9 $36.04 $535.34 6.73%  $                                                  48.85 9.13% -$80.14 -$6.45 $487.66 NA -16.43% -14.97% 2.91%
Shoe 10 $1,369.79 $2,788.65 49.12%  $                                                649.21 23.28% $592.24 $3,481.73 $3,273.87 17.01% 18.09% 21.24% 3.53%
Software (Entertainment) 92 $0.00 $38,127.58 0.00%  $                                           23,631.38 61.98% $22,524.98 $13,380.65 $14,935.29 168.34% 150.82% 59.08% 2.56%
Software (Internet) 44 $0.00 $207.73 0.00%  $                                             1,381.49 665.03% $434.78 $403.40 $3,488.72 107.78% 12.46% 209.30% 3.94%
Software (System & Application) 355 $17,051.13 $29,132.15 58.53%  $                                           68,998.32 236.85% $51,911.10 $24,416.46 $22,686.39 212.61% 228.82% 178.19% 3.60%
Steel 37 $1,176.35 $7,576.16 15.53%  $                                             2,088.80 27.57% $1,537.81 $2,883.80 $3,480.80 53.33% 44.18% 20.30% 9.22%
Telecom (Wireless) 21 $102.17 $13,067.94 0.78%  $                                             1,777.81 13.60% $1,381.46 $9,688.92 $10,389.48 14.26% 13.30% 10.57% 4.29%
Telecom. Equipment 98 $6,716.79 $2,219.77 302.59%  $                                           32,101.47 1446.16% $30,649.40 $1,450.24 -$4,916.11 2113.41% NA 1380.74% 6.15%
Telecom. Services 67 $25,056.58 $64,429.75 38.89%  $                                           25,806.19 40.05% $25,126.77 $65,299.27 $59,174.37 38.48% 42.46% 39.00% 1.50%
Tobacco 17 $12,233.46 $17,610.56 69.47%  $                                           14,119.19 80.17% $14,061.28 $15,083.47 $13,067.96 93.22% 107.60% 79.85% 3.52%
Transportation 19 $3,818.20 $13,020.61 29.32%  $                                             8,177.66 62.81% $7,480.39 $4,365.82 $10,072.33 171.34% 74.27% 57.45% 3.70%
Transportation (Railroads) 10 $3,897.70 $25,850.25 15.08%  $                                           18,269.30 70.67% $18,203.57 $22,795.66 $31,507.95 79.86% 57.77% 70.42% 1.27%
Trucking 28 $438.85 $6,195.52 7.08%  $                                             1,201.33 19.39% $819.94 -$5,469.58 -$3,442.35 NA NA 13.23% 3.31%
Utility (General) 18 $8,922.20 $14,018.00 63.65%  $                                             9,007.55 64.26% $4,886.52 -$4,637.22 $9,778.68 NA 49.97% 34.86% 0.55%
Utility (Water) 19 $607.62 $931.54 38.97%  $                                                667.35 71.64% $423.08 -$980.93 $602.31 NA 70.24% 45.42% 0.50%
Total Market  7209 $536,039.09 $1,375,411.91 38.97%  $                                      1,286,438.27 93.53% $1,093,389.72 $1,065,076.84 $1,163,835.85 102.66% 93.95% 79.50% 6.49%
Total Market (without financials) 6004 $460,243.53 $1,113,577.51 41.33%  $                                      1,082,648.87 97.22% $905,904.95 $854,085.95 $1,160,987.55 106.07% 78.03% 81.35% 4.02%


Updated in January 2019

By Aswath Damodaran