Don’t forget that no dividend tax either! But cyclical investors will cry for dividends.
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I don’t think it follows that a company is doing particular well because it pays dividends.
One reason for paying high dividends is a lack of profitable reinvestment.
Also reducing the amount of shares results in a reduction in supply which should result in an increase in the price of the remaining shares and in the dividends over time.
PS “spunk it out” ?
That’s not really the definition of spam. I am sure you could find fault with @Jthejellybean postings but the post you are referring to is hardly spam