Warren Buffet once said, "The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they're on the operating table." This defines the logic behind investing for Dividend Yield. The relentless pursuit for superior growth and profitability often diverts attention from the long-term stability offered by dividends, especially for Fortune 500 companies.

Dividend Yield is essentially an annual dividend per share divided by the current market price of the share. Consequently, a higher Dividend Yield suggests a better investment proposition. This financially stable business model encourages organizations to share their profits with their array of investors. Dividend yield functions as an important metric regarding investment analysis, as it amplifies your investment's growth when reinvested—signifying Compound Annual Growth Rate (CAGR).

Vestiges of outdated decision-making in Corporate Governance delegitimized dividends in preference for reinvesting in growth. Yet, according to a McKinsey research, several modern, elite businesses adopt high Dividend Yield strategies. Coca-Cola, IBM, and Johnson & Johnson, for instance, have maintained a steady growth while returning profits to shareholders for more than five decades. They have astoundingly offered dividends that exceed the S&P 500 average without constraining strategic agility.

A healthy Dividend Yield often mirrors the lower risk and value-appreciation for shareholders. It’s a fundamental reason why Goldman Sachs upholds that high-dividend yielding stocks have outperformed growth stocks during the past 40 years. Proven Holder Wealth Theory corroborates this, stating firms with dividends tend to enjoy a higher firm value compared to their non-dividend counterparts.

1. Consistent Dividend Payment: Firms committed to regular dividend payments are usually financially robust with predictable cash flows. This commitment resonates with lower investment risks.
2. Sustainable Payout Ratio: The payout ratio—dividends divided by earnings—sheds light on a firm's ability to sustain dividend payments. Lower payout ratios often signify better sustenance.
3. Dividend Reinvestment: Reinvesting dividends plays out in higher long-term returns due to the compounding effect. Many firms facilitate such reinvestment plans for ongoing investments.

A well-structured Dividend Yield strategy can weather uncertain economic times, providing cash flows even during periods of slow market growth. It's no surprise a Gartner report reveals 45% of mature businesses consider steady dividends as an indicator of operational excellence.

In a modern corporate context, a decent Dividend Yield is indicative of a firm's health. It demonstrates a company’s confidence in its Business Model and its ability to generate consistent Cash Flow. These are aspects that every C-level executive should consider in their Strategic Management approach.

The dynamism of today’s financial world has reinvigorated the scope for Dividend Yield investing. As per a recent Forrester report, stakeholders and leaders are focusing more on business stability and ROI. With a grounding in consistent returns and financial robustness, high Dividend Yield strategies are plummeting back into vogue.

Remember, as Warren Buffet suggests, a temporary dip must view as an opportunity, rather than a hurdle. Dividends act as a shield during these phases to safeguard investors from the market's capricious nature. Therefore, understanding and leveraging Dividend Yield can pivot your Strategic Management for impenetrable risk management while assuring consistent, long-term value creation for stakeholders—a new age in asset management.