Dividend yield has collapsed from historical average of 4.5% to current 1.5%, implying markets are overvalued by a factor of 3 based on cash flow alone, independent of P/E ratio analysis.
factualpending
Speaker
Dave ColumEvidence Quote
“dividends if you wish you can actually use dividends right the dividends over that over that period average around four and a half percent they got as high as 6% they're now one and a half percent so averaging four and a half one and a half what's the market overvalued factor of three by that model”
Source
Markets Overvalued by 150% as Dishonest Metrics Hide the Coming 'Catastrophic' Collapse: Dave Collum— Kitco NEWSCreated: 8/12/2026, 6:42:10 PM
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