The Cross-Section of Firm-Level Equity Yields: Coming soon

We analyze the cross-section of firm-level equity yields using a new proprietary database of dividend futures contracts of the individual constituents of the Eurostoxx 50 index as well as the 50 largest constituents of the S&P 500 index. We use these yields to compute expected dividend growth rates and risk premia at the firm level with maturities up to three years. We find that the comovement of equity yields across