On Dividends and Agency Problems. The investing public’s disdain for dividends and fascination with capital growth has a precedent. In our last great bubble, the 1920s, the same thing happened. Why should companies pay out dividends? It is a way for the management to prove… [Mises Economics Blog: Austrian Economics and Libertarian Political Theory]
I’ve commented on stock prices and dividends before, and this supports my conclusions.
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