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The etf that covers Dow Industrials (DIA) closed 1998 at 91.53. The closing price for 1999 was 115.19.
Nov 23 18:29 pm
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All Comments by Dividend Growth Investor »The Dow's Lost Decade [View article]
Since the end of 1998 DIA has distributed $20.03 in dividends/share
Since the end of 1999 DIA has distributed $18.36 in divs/share
In 1999 DIA distributed $1.67 in dividends. In 2007 it distributed $2.75. I would say that investors didn't do as bad, although not as good as in prior decades.