The S&P 500's dividend yield at the peak of the 1999 dot-com bubble was an extraordinarily low 1.6%, a level never seen even in 1929, highlighting the extreme valuation compression during the tech bubble.
factualpending
Speaker
Jeremy GranthamEvidence Quote
“the S&P was down to a yield of 1.6, which had never seen such a low level even in 1929.”
Source
Jeremy Grantham: Lessons from 60 Legendary Years of Investing— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:39:12 PM
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