The best players on the index have a way to go before they hit their fair value so I can't see the growth in them stopping yet.
In five months these players have returned this percentage of their current value in dividends (I've just plucked these lads off a spreadsheet but could equally use the likes of Rashford, Hazard, Van Dijk or even Naby Keita (5% yield for him!)):
So in a year with the same returns you are looking at:
All are young enough where age isn't a worry and that is without G&A dividends or including the fact that we have three months of treble media approaching as well as the later stages of the Champions League (which both favour these players).
That is an absurd tax free return and is paid in freely withdrawable cash, so why do we people think we need a dividend increase? (If you know of anywhere I could get the same returns let me know)
I can only assume it's because they are buying pure PB players to chase capital appreciation. These players are starting to reach their price ceiling and face three months of no returns in six months time.
Dividend increases should reflect that returns on players are not high enough (I've just demonstrated above that the returns are still very high at the top end) not reward traders who haven't thought about dividend yield when buying a player. If the best players start to hit 5% or less in div returns then we may have a problem.