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On Wednesday, LCI Industries (Symbol: LCII) shares were yielding over 5%, based on its quarterly dividend of $4.60, with prices dropping to as low as $91.75. The yield is noteworthy as dividends have historically contributed significantly to stock market returns.
For context, an investment in the iShares Russell 3000 ETF (IWV) on May 31, 2000, would have resulted in a decrease of 0.6% over twelve years, equating to a loss of $0.48 per share, but dividends collected over the same period amounted to $10.77 per share, boosting the total return to 13.15%.
LCI Industries is part of the Russell 3000, representing one of the largest companies in the U.S. stock market. The sustainability of its current dividend yield depends on the company’s profitability, which can fluctuate.
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