Cap weighted vs equal weighted dividend yield, by company size
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from S&P 500 Dividend Yield: How It's Measured.
| size_bucket | companies | payers | cap_weighted_yield_pct | equal_weighted_yield_pct | median_payer_yield_pct |
|---|---|---|---|---|---|
| over $1T | 13 | 9 | 0.26 | 0.25 | 0.34 |
| $200B to $1T | 46 | 39 | 1.38 | 1.46 | 1.84 |
| $50B to $200B | 196 | 166 | 1.82 | 1.85 | 1.72 |
| $10B to $50B | 520 | 354 | 1.52 | 1.58 | 1.74 |
| $1B to $10B | 1290 | 702 | 1.67 | 1.77 | 2.28 |
- Rows × columns
- 5 × 6
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
size_bucket |
text | 5 distinct values ($10B to $50B, $1B to $10B, $200B to $1T…) | |
companies |
number | 13 to 1,290 | |
payers |
number | 9 to 702 | |
cap_weighted_yield_pct |
number | 0.26 to 1.82 | percent |
equal_weighted_yield_pct |
number | 0.25 to 1.85 | percent |
median_payer_yield_pct |
number | 0.34 to 2.28 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
SELECT multiIf(market_cap >= 1000000000000, 'over $1T',
market_cap >= 200000000000, '$200B to $1T',
market_cap >= 50000000000, '$50B to $200B',
market_cap >= 10000000000, '$10B to $50B',
'$1B to $10B') AS size_bucket,
count() AS companies,
countIf(dividend_yield > 0) AS payers,
round(100 * sum(ifNull(dividend_yield, 0) * market_cap) / sum(market_cap), 2) AS cap_weighted_yield_pct,
round(100 * avg(ifNull(dividend_yield, 0)), 2) AS equal_weighted_yield_pct,
round(100 * quantileDeterministicIf(0.5)(ifNull(dividend_yield, 0),
cityHash64(ticker), dividend_yield > 0), 2) AS median_payer_yield_pct
FROM global_markets.stocks_ratios
WHERE date = (SELECT max(date) FROM global_markets.stocks_ratios)
AND price >= 5
AND market_cap >= 1000000000
GROUP BY size_bucket
HAVING countIf(dividend_yield > 0) > 0
ORDER BY max(market_cap) DESC
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