What Drives Stocks

From http://www.businessinsider.com/:

Dylan Grice {of Societe Generale},...investment strategist and author of the Popular Delusions note, just introduced his "Quality Income Index." His thesis is pretty straightforward: Invest in high quality companies with sustainable dividends. {Above is inclueded} one of the key charts from his report. It shows how dividends are the most important component of total equity returns.  "The following chart shows that since 1970, dividends and dividend growth have been pretty much the whole story," wrote Grice.

Link:  Biggest Driver of Equity Returns