Fama: My Life in Finance

A great read. Of particular interest to me was this statistic:

The percent of firms paying cash dividends falls from 66.5 in 1978 to 20.8 in 1999″ from his paper “Disappearing Dividends”.  Long time readers would remember that is one reason I think this paper is so important:  “On the Importance of Measuring Payout Yield“.