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Money Mkt Mutual Funds Paid Almost $100 Billion in Dividends in 2006. Money funds paid out $97.2 billion last year, their highest level since 2000 and second highest amount ever. Table 37 from the ICI Fact Book, "Paid and Reinvested Dividends of Money Market Mutual Funds by Type of Funds", shows that money fund holders reinvested over $62.0 billion of their $97.2 billion in dividends in 2006, 63.8% of the total. Money fund dividend totals are running well over this $100 billion a year pace so far in 2007, and should approach $120 billion, unless the Fed cuts rates soon or sharply.
