If a company is financially mature enough to pay dividends then it's mature enough to go public. And going public does enhance your value - ceteris paribus. W

If a company is financially mature enough to pay dividends then it's mature enough to go public. And going public does enhance your value - ceteris paribus. When we talk about "liquidity" we're talking about the ability to sell your assets, not the ability to derive a cash income (dividend) from it. And a share in a public company is almost always going to be more liquid than a share in a private company.