If Warren Buffet had listened to the dividend haters in 1988, he would not only have missed out on a hefty price gain on his Coca Cola shares, but also a current dividend yield of a good 56% in relation to his invested capital.
Correct me if I’m wrong but aren’t dividend kind of pointless? The amount of dividend that is paid out is also decreased from the share price. For example you get 1% dividend then the share price decreases with 1% and you have to pay tax so I don’t get it.