Just as a word of warning, the chart below won't be a pleasant sight for investors who sold their shares in mid-January.
At the time, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was headed south, led down by Australia's energy stocks as the oil price slid to multi-year lows. However, the market has put on quite the show in the time since, posting a staggering 10.4% gain since 19 January (including a 1.94% jump today) taking it to its highest level in nearly seven years.
Source: Yahoo Finance
While Australia's mining stocks have played a role in the massive rally, it's clear that the big money has been made on Australia's biggest dividend stocks, including Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC) and Telstra Corporation Ltd (ASX: TLS).
With even more interest rate cuts likely, this dividend party could be just getting started.
