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On Thursday, shares of Interparfums Inc (Symbol: IPAR) reached a yield above 3%, driven by a quarterly dividend of $3.20. The stock traded as low as $102.49 during the day. Interparfums is a member of the Russell 3000 index, highlighting its status among the largest U.S. companies.
Historically, dividends contribute significantly to stock market returns. For example, an investment in the iShares Russell 3000 ETF (IWV) on May 31, 2000, would have seen a total return of 13.15% when accounting for $10.77 per share in dividends, despite a decline in share price over twelve years.
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