@Finanzaristokrat if you withdraw the same value via sales that you would otherwise receive via dividends, you end up with exactly the same value as someone who receives "dividends". It's not the same, but it's the same.
@Part_Time_Joe In return, my shares increase in value by exactly the same proportion that others receive in dividends. If I don't sell more than the notional dividend yield, I end up with a 1:1 return. Plus what the tax deferral effect brings in, even if it is less than before the reform.
@Psychedelic_Sunflower I agree with you about 3 quarterly payers. But I have 28 shares, for example, and 1 doesn't pay. That's 100 distributions. So €100 less would annoy me.
