Quotes on Dividends

When stocks yield as much as bonds, you get the growth free.

The stockholder wants both income and appreciation, but in general the more he gets of one the less he realizes of the other.

I have nothing against a stock split. I did two in the Sixties, but this is really a non-event. So is the stock dividend. It's really paper shuffling.

If managers can't think of anything else to do with their money they should pay dividends. If they have good places to invest it, that's much better.

The true measure of common stocks values, of course, is not found by reference to price movements alone, but by price in relation to earnings, dividends, future prospects and, to a small extent, asset values.

It is an axiom of investment that securities should be purchased because the buyer believes in their soundness, and not because he needs a certain income.

In the halcyon days of prosperity, the investor is satisfied with increased dividends and a rising market, and cares very little about dry statistics.

What the corporate tax actually works out as is a dilution of the stock equities. It is the equivalent of a payment of a stock dividend which goes to the government instead of to the stockholders.