Pages with an exact-match internal anchor get about 5x the traffic
Cyrus Shepard, Zyppy
URLs with 0 to 4 internal links averaged about 2 Google clicks; URLs with 40 to 44 internal links got roughly 4 times that, after which the effect reversed past about 45 to 50 links. Pages with at least one exact-match internal anchor had at least 5 times more traffic than pages without one. Anchor text variety correlated with traffic so consistently that Shepard re-ran the analysis three times.